Loreta is 29 years old and married to a field technician that works for an agricultural company. The couple is blessed with two children. She owns and operates a retail store in their village and has done so for almost 9 years. In this business she's earning a net income of PHP 5,000 a month. She would like take out a loan for PHP 20,000 to purchase beverages, canned goods, noodles, coffee, sugar, and biscuits. She's hoping that her requested loan will be granted immediately so that she can utilize it in 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.