Lourinda is 54 years old, married and has five children. Her husband is a tricycle driver while she buys and sells junk and other recyclable items for profit. She also manages a store. Her income of P 10,000 monthly goes for meals, allowance for her children and revolving capital in the business. Three of her children are at school and she wants to give them the best education. Now, she is asking for a loan of P 20,000 to buy more empty cans, bottles and jars to re-sell for profit. Another part of her loan will be used in buying additional grocery items for the store.
Someday, Lourinda hopes to achieve good profits and keep developing her business. This will help save for the overall welfare of her 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.