Lalaine is managing a store, selling grocery items to the people in her village. She patiently attends to customers' needs, who come to buy merchandise in her store. She hopes to offer more products, but has insufficient funds; that is why she is asking for a loan of PHP 5,000 to buy sardines, eggs, bread, sugar and coffee, to sell in her store.
She hopes to increase her profits and save funds for future expenses of the family.
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.