Elizabeth is a 30-year-old mother who has two children. They live happily in a village and plant and harvest rice and vegetables to sell. Because of financial insufficiency, Elizabeth engages in buying and selling AVON products and fish in the village to supplement her husband's income. She aims to make the business profitable in order to generate sufficient income.
She is requesting additional capital of 10,000 Philippine Pesos (PHP) to buy more stock of Avon products and fish to sell. She hopes that her loan will be a great help that will allow her to make the business grow.
About Alalay sa Kaunlaran, Inc.
This loan is made possible by Alalay sa Kaunlaran, Inc. (ASKI), which means “a partner in development.” ASKI has been in operation for 25 years and runs multiple successful initiatives in addition to microlending. Its main microfinance branch focuses on lending to microentrepreneurs, small farmers, and fisher folk. ASKI also provides microinsurance and marketing support for borrowers, as well as educational programs to develop the skills of both borrowers and staff. The ASKI Foundation funds community development projects such as a daycare feeding program and scholarships for children. ASKI Global helps overseas Filipinos develop entrepreneurial and financial skills to maximize the impact of remittances.