Lucita, 44 years old, is married and blessed with five children. She has owned and operated a tailoring business for almost five years and she's earning a net income of Php 2,000 a month. She would like to access a loan amounting to Php 10,000 to purchase sewing equipment such as thread, tailoring marks, and needles to use in her business. She's hoping that her requested loan will be granted so that she can expand and improve her work.
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.