Lulalane manages a retail store and a rice field. She has been running her retail store for five years. With the help of her husband, she is able to increase her profit. Now, she still hopes for continuous progress of her retail store, that’s why she is seeking a loan of PHP 40,000. This amount will be used to buy cases of soft drinks, eggs, three cans of cooking oil, two boxes of fish sauce, soap and 20 containers of assorted biscuits for her store.
Lulalane believes that her success depends on her wise management and strong determination to uplift her living situation out of poverty. She expects the continuous smooth flow of her income so she can make her retail business a viable source of income.
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.