Loreta, who is 30 years old, is married to a field technician in a private company in their province and they are blessed with two children. Loreta owns and operates two retail stores in her village, has been in this line of work for almost nine years, and earns a net income of PHP 1,200 a day. Due to insufficient funds, she is requesting a loan for PHP 25,000 to buy beverages, canned goods, noodles, bread and biscuits to sell. She's hoping that her loan will be granted so that she can expand and 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.