Daisy is married and has three children. Two of her children are still in school while the oldest child is already married. Daisy and her husband work together to generate sufficient profit to provide for the needs of their family and to support the education of their children.
Daisy has been running her videoke and video game business for 10 years. She is thankful because, through her patience and hard work, she was able to generate better profit. Now, she aspires to have more units of both video games and videoke in order for her business to grow. For this to become reality, she is asking for a loan of 20,000 PHP. She will use this to buy a DVD player, a television controller, nails and plywood to be used in her videoke and video game business. Daisy is hoping for the approval of her requested loan amount in order to assure the continuous smooth flow of her business and for it to become profitable.
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.