Vicky is a business-minded woman who sells slippers and shoes. She has been working so hard to provide for the educational needs of her child. She’s been operating her business for ten months. She usually earns a net income of almost PHP 10,000 per month; she saves this for daily consumption and emergency purposes.
Despite the difficulty in selling slippers and shoes due to competitors, she works hard to acquire loyal customers in order to provide for the needs of her family.
She is requesting a loan of PHP 30,000 to buy more slippers and shoes to sell.
She hopes that she can roll the profits from her loan into improving their living conditions, as well as to advance her business.
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.