Judith is married and has two children. She has been selling different kinds of cosmetic products within her village. She has been operating this business for almost two years. Judith would like to take out for a loan in the amount of PHP 13,000 to be able to buy all the cosmetic products needed by her customers. She hopes to obtain more cosmetics in order to encourage more customers to buy her products. In this way she can generate bigger income and improve her direct selling 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.