Susan is 47 years old and married. She engages in the buying and reselling of bags and footware within the public market. She has been in the business for almost 21 years.
Due to financial hardship, she aims to improve the business and generate sufficient income.
Having inadequate capital, she wants to avail a loan of PHP 9,000 to buy an additional stock of bags, shoes, sandals and slippers to sell.
Through this loan, she believes that she will increase her product offerings and 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.