Analfe is a 22-year-old married woman who has two children. She lives in a small home with her husband. She has a retail business, which has been a profitable project. She is applying for a loan of PHP 8,000 to buy soap, toothpaste, shampoo and detergents to sell in her business. This purchase will enable her to provide better quality service to her loyal customers. This will increase sales and improve Analfe's income.
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.