Elizabeth is 50 years of age, married, and a mom of three children. She lives happily with her one child and husband in their village. She owns a home-based store for income. She has been running this kind of business for six years. She is thankful because through her husband support and hard work, they are able to increase their profit.
Now, she still dreams for a continuous smooth flow of her home-based store. To realize her dreams she is requesting additional working capital of PHP 7,000. She will use this loan amount to buy cases of soft drinks, eggs, canned goods, bar soap, and assorted biscuits to stock in her store.
She hopes and prays for the approval of lenders to her requested loan.
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.