Avelyn is 49, married and has two school-age children. She is engaged in the business of buying and selling accessories, Splash, MSE and AVON products within her community. Being kind and friendly in business, she encourages a lot of customers. For this reason, she plans to acquire more stocks of these products but she has inadequate capital. For this reason, she is asking for a loan of PHP 5,000 to buy lotions, body sprays, colognes, underwear, umbrellas and accessories to sell. She is hoping that her loan will help her to improve the 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.