Lailanie is a faithful wife. She lives with her husband in their simple house at Baggao. She had three children.
In her direct-selling business, she was able to provide for her family’s daily meals. Her children also help her in other expenses because they are already employed. Lailanie’s spouse is a farmer and a furniture-maker too. A year ago, she was able to close her small store and engaged herself into a direct-selling business where the sales-capacity is higher than in a retail store in their village due to competitors.
She is now asking for a loan of PHP 25,000 to invest in her direct-selling business. She will buy more underwear, perfume, wallets and bags to sell. It will help increase her sales and profits as well. Someday, she hopes to increase her business and also improve her hog raising business for additional income.
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.