She operates a direct-sales business in their village. She has been in this line of business for almost two years and earns a net income of approximately 3,500 PHP per month. She explains that her net income is usually spent on her children's school fees.
Due to insufficient capital, she is now seeking to secure a loan in the amount of 15,000 PHP to purchase goods such as lipstick, lingerie, bags, umbrellas, and colognes to sell. She's hoping that her business will continue to improve and become more profitable in the future.
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.
ASKI’s motto is “Together, let’s make things happen!” Join ASKI's Kiva Lending Team or view its website.
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Success!! The loan was 100% repaid