Geraldine is married and has two children. Geraldine engages in a direct-selling business in which she sells fragrances, lotions, shampoo, and lipstick. Geraldine started in the business as a franchise dealer almost two years ago. Then, she realized that if she had her own stall, she would increase her income from the business.
Geraldine just started her own business eight months ago. Her goal is to expand her stall and purchase additional products to sell. She wishes for a loan of P30,000 to purchase underwear, cologne, and makeup to sell. Geraldine is striving to achieve her goal.
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.