Lizel is 25 years old and has two children. She operates a retail store in their village. She has been in her business for over a year and earns PHP 3,000 each month. This goes for meals, school expenses and revolving capital, too.
Lizel wanted to avail a loan to invest in her business. She is now asking for a loan of PHP 8,000 to buy more grocery items (canned goods, eggs, bread, noodles and soap) to sell.
Someday, Lizel hopes to achieve a profitable business for the overall welfare of her family.
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.