Isabelita is 59 years old, married, and has six children. To generate income, Isabelita engages in a direct-selling business. She has been in this business for three years, earning about PHP 1,000 a week. Isabelita needs additional capital. In this regard, she is asking for a loan in the amount of PHP 10,000. She will use the loan to purchase blouses, pants, perfumes, powders and lotions, to offer for sale in her village. She hopes to grow 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.