Juanita sells cosmetic products (make up, lipstick, lotions, and underwear) in her village. She collects orders from her costumers, and purchases the products in cash or credit in the market. She also sells the products door-to-door in her village.
Juanita wishes for a loan of PHP 25,000 so she can purchase her products with cash in the market. With the loan, Juanita can buy stock to sell in her village.
She hopes to minimize her travel expenses in marketing the products she sells.
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.