Lily is a married woman with three children. She is 42 years old and has had a food selling business for three years. Lily sells fruits such as mango and banana and also some vegetables to the people in her community. She is grateful that her business is improving because she obtains many customers.
Lily is requesting a loan of PHP 15,000 to buy additional vegetables and fruits to sell.
In the future, Lily hopes to maintain her buy and sell business to supply the needs of her college students. Lily is doing everything to increase her profit so that she can send her other children to a higher level of education and to pay her obligation to the Microfinance Institution.
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.