Lilia has run a variety store for almost four years now. She sells instant noodles, biscuits, soap, and shampoo to the people in her neighborhood. She usually earns about P2,000 each month.
She is now requesting a loan for additional capital to buy canned goods, soap, biscuits, and eggs to sell. This will surely improve her sales and boost her profits. She is asking for a loan of P10,000.
In the future, she wants to make her small store grow into a bigger one.
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.