Imelda is a widow with two children. When her husband died, she worked hard to feed her children and give them a better future. She gained work experience and earned enough money to provide her children's school allowances. When she gained enough experience in managing a business, Imelda started a retail store near her church.
To earn additional income, she direct sells beauty products, shoes and clothing. Sometimes, she can not meet her customer's needs because of insufficient capital to increase her inventory. Hence, she requests 50,000 PHP to buy pants, shirts and grocery items to sell in her retail store.
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.