Monaliza is hard working and full of hope in life. She is married with two children. She and her husband work together in order to earn a living. Monaliza manages a livestock and direct selling business. She has been involved in the direct selling business for four years. She only earns about PHP 3,500 a month with her direct selling. Currently, she raises hogs as an additional source of income for her family.
Monaliza plans to buy stocks of cosmetic products such as lipstick, make-up kits and the additional amount will be used to finance her livestock business. With her determination to obtain a stable source of income she is requesting a loan of PHP 5,000. She knows that it would really help to increase her sales, profits and to satisfy the customer demands. She hopes they can allow their two children to finish their studies and have a better way of living someday.
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.