Lolita is a helpful mother of three children. Through her direct selling business, Lolita successfully gave her children their education. Her business is located in their municipal public market. Lolita’s husband operates their tricycle for passengers’ transportation. Lolita is asking for a loan of P20,000 to purchase cosmetics, shirts, pants, and other ready-to-wear products to sell. She needs to stock more items to respond immediately to her customers’ unexpected orders. Lolita wishes to extend the products she sells and earn a higher income which will enable her to support and help her grandchildren.
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.