Grace is a business-minded woman. She lives simply with her husband and three children. Her youngest child attends school, while the other two are out of school. Grace offers cosmetic products, detergent soap, shoes, sandals, and blouses within her locality. Her husband's work is as a driver of a motorcycle and as a farmer. Grace has been engaged in the direct-selling business for more than five years.
Grace would like to improve her direct-selling business, but she does not have enough capital. With regards to her situation, she decided to ask for a loan of PHP 35,000, which will allow her to buy stocks of cosmetics, short pants, blouses, and some raw materials for soap making. Grace hopes and prays for approval of her requested loan amount, so she can give her family a comfortable lifestyle and educate her youngest child.
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.