Freddie Luz is aged 28, married to a farmer, and they're blessed with two children. She owns and operates a retail store in their village, and earns a net income of PHP 150 daily. Her net income on her business is usually spent on the school allowances of their children.
Due to insufficient funds, she would like to avail a loan amounting to PHP 10,000 to purchase biscuits, cooking oil, beverages, noodles, canned goods, and kitchen needs to sell in her empty store. She's hoping that her business will grow, improve, and become more profitable.
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.