Leticia who is now 57 years old, mother of four in their adult aged wants to borrow loan of PHP12,000 for the purpose of developing further her retail store business and piggery. With her current revolving fund of PHP15,000 in the store, she is earning only PHP300 net income each week and was used in the maintenance of her other piggery business. Her husband is a farmer and also assist in maintaining the piggery.
She hopes to increase her sales daily in the store thus asking for loan to buy for more inventories like canned goods, bake breads, noodles, stock of shampoo, coffee, sugar and many more. Proceeds of her incomes from business will be spent in the expansion of her enterprises and improvement of her family general living condition.
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.