Lany is a 43-year-old mother who runs a small variety store in her community to help her husband earn income. She aims to make her business profitable in order to generate sufficient income to support the education of her four children and satisfy their necessities. In this regard, she plans to increase her product offerings to satisfy her customers' demand. Due to insufficient capital, she is asking for an additional P15,000 to buy soft drinks, noodles, canned goods, laundry soaps, shampoo, beverages, and seasonings to sell. She is hoping that someday she will be able to improve the business through this financial assistance.
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.