Lilibeth, 38 years of age, is married and blessed with four children. She has been managing a direct selling business in their village for almost eight years. She is earning a net income of PHP 4,000 a month. Her net income is usually spent on the school allowances of their children and the other income is for food expenses. Due to insufficient funds, she would like to take a loan of PHP 28,000 to purchase personal use products such as lingerie, makeup, lotions, and colognes to sell. She's hoping that her requested loan will be granted so that she can improve her business.
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.