Lilia, 53 years old, is married to a farmer and they have been blessed with three children. They are currently residing in the village of San Antonio. She has owned and operated a retail store for almost 20 years. In this business she's earning a net income of about Php 5,000 a month.
She would like to get a loan amounting to Php 25,000 to purchase canned goods, biscuits, noodles and beverages. Her income is usually spent on their household expenditures, and that's why she wants a loan from those generous lenders - to gain more income from her business.
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.