Estelita is a 48-year-old widowed mother. She was gifted with six children and they live happily in a rural community. She owns and manages a small beauty parlor beside the public market. Being a kind and friendly mother, she has been able to win more customers. In this regard, she aims to improve her parlor and provide better services to her customers. Due to inadequate capital, she is asking for an additional PHP 7,000 to buy cosmetics and other materials needed in the beauty parlor. She believes that this financial assistance will help her improve the business and hopes that she will make it more profitable in the future.
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.