Rose Shely is a 27-year-old hard-working businesswoman. She is recognized as a paint dealer in the town of Alicia; she has been in business for more than a year. She earns a net income of PHP 7,000 each week, and she uses it to provide some of their needs and bank savings; most of it was rolled into the business.
Rose Shely wanted to have stock of goods to sell in her business stall, thus is requesting a loan of PHP 50,000 to buy more paint, paint brushes, and hardware products. A part of it will be used in the physical improvement of her current business stall.
She hopes that in every step in managing the business, she will able to succeed with every offered opportunity. Furthermore, she is looking forward to the expansion of her business. Rose Shely is happy that somehow, she can then provide employment to others in her very simple way.
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.