Ma. Janice is 29 years old, married, and has two children. She has been seven years in a retailing business which is selling soap, eggs and spices in their village. She is managing her business well and has been able to gain a higher income and give her children a better way of living.
She wanted to extend the variety of products she sells to her customers, products that are seldom sold in their village, but which she knows are needed by the people in their village. She is requesting a loan of P50,000 to buy beverages, canned goods and shampoo to sell. She hopes to earn a higher income from the business by offering their needs.
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.