Julie manages her snack house under the name "Josh Canteen." She has had this business for 10 years. According to her, the snack house was formerly operated by her mother. Julie learned to run their business from her mother, who started the snack house but later passed it on to her so that the business will continually operate.
At the moment, she needs to improve her stock of soft drinks, raw vegetables, flour, baking soda, bihon, and ingredients needed in her snack house business. For this, she needs additional working capital amounting to 15,000 Philippine pesos (PHP) because she's suffering from a shortage of funds. She hopes that she can obtain this loan amount so she can improve their quality of life and save something for emergency purposes.
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.