Alma has been engaged in selling AVON and MSE products for over two years. She successfully provides a good source of income through her diligence. She is aiming for a higher income that would make her living conditions better. This motivated her to borrow a loan amount of PHP 15,000 to buy lotion, lipstick, face powder and shampoo to resell at a higher price. She wants to grow her primary business so that she will able to save for her future.
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.