Corazon is 52 years old, married, with two school-aged children. Her family is her motivation for improving her business. She works hard because she wants to have a better quality of life by doing something that brings in additional income and allows her to support her children in their studies.
Corazon owns and operates a business managing food production and sales. While not the only means of generating revenue, the main source of income for the business comes from making and selling "shang hai" for food. Aside from that, she also engages in direct selling to businesses. She has been engaged in her businesses for more than four years and earns approximately 5,000 PHP a month for these activities.
Due to the high cost of basic commodities, she wants to request a loan of PHP 30,000 to purchase ingredients needed to make more products to sell. She would like to increase her income because the profit she generates from her business is not enough. She hopes that she can get the amount she requests to further develop 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.