Emilie, 43 years of age, is a single parent and has a daughter. She owns and manages a retail business, selling a variety of products that are needed in cooking foods. Due to a lack of capital, she decided to request a loan amounting to PHP 50,000. Emilie will use the loan to purchase items to resell, including garlic, onion, ginger, cooking oil, soy sauce, vinegar, and fish sauce. She's hoping that her loan will be granted, so that she can improve 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.