Due to a lack of job opportunities, Leslie Ann engages herself in selling personal products within the local community to help her parents in gaining income. She is 21 years old and single. Her ambition in life is to become successful and financially stable in the future. To attain her goals, she aimed to improve and strengthen her business to make it profitable. Having insufficient capital, she wants to avail a loan of PHP 10,000 to purchase more stocks of lotions, underwear, lipsticks, body sprays, face powders and other personal products to sell. She believes that this financial assistance will help her to improve and strengthen the 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.