Julieta is 49 years old, and she operates a small business selling personal products to the people in her village. She earns an income of about PHP 3,000 each month, which she uses for her family's sustenance. She patiently offers her products, and she wants to increase her income -- that is why she is asking for a loan of PHP 5,000 to buy colognes, perfumes, soap, and fabric conditioners to resell.
She hopes to gain higher profits someday, so she can earn more income for her family and achieve financial stability.
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.