Estelita admires her neighbor for being hard-working. To make a living, she manages a retail business which sells cosmetic products such as beauty products and fragrances. She has been in her business for five years and wish that she will continue to maintain the business.
Estelita is married to a mechanic and blessed with four children. Through her income and the earnings of her husband, she was able to send her children to school and they were able to finish their degrees. Estelita wish to continue and improve her business while she can manage it.
With regards to the improvement of her business, Estelita is requesting a loan of PHP 50,000 to buy lipstick, make-up and fragrances.
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.