Prescila is 55 years old and a married woman who has four grown up children. She has operated the school canteen for eight years. She is thankful because her profit increases. Every day she is able to earn about P1,000. With the profit she generates from her business, she is able to improve and buy additional products needed by the children within the school.
Her husband is a private driver. The couple support one another to sustain their needs. Aside from her retailing business, Prescila has also been engaged in a hog raising business. She enjoys her daily routine because this is the main source of income for the family.
Prescila would like to maintain the school canteen she manages to improve their living conditions. With the profit she generates from her retail shop and the help of her husband, they are able to put up another variety store within their community.
She would like to continually improve the school canteen she operates through borrowing additional capital in the amount of P30,000. This amount will be used to purchase groceries and school supplies such as paper, bond paper and ballpoint pens for her retail business. She believes that she could make her retail store more profitable through her hard work and patience in dealing with her customers.
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.