Analiza is a patient businesswoman, with seven years of experience. She maintains a general store with working capital of PHP 50,000. She earns a maximum income of PHP 20,000 monthly in the business, which is used for the maintenance of her hog-raising business and also goes toward the allowances for her child in school.
Analiza is 40 years old, married, and has three children. One is still studying, and the other two are older. She is requesting a loan of PHP 7,000 to buy stocks of goods for the store, such as coffee, sugar, seasonings, soda, breads, candies, soap, shampoo, conditioner, toothpaste, noodles and many more.
This loan will be her second loan cycle. Her first loan was for PHP 5,000 and was used as additional working capital in the store.
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.