Julieta owns and operates a talipapa (a fruit and vegetable stall) in her village. She sells a variety of fruits and vegetables. Her business runs from as early as five o'clock in the morning and finishes at seven o'clock in the evening.
Income from the business is just enough to sustain all their needs, such as meals and the daily allowance for her children. Her income is not stable.
She is now asking for a loan of PHP 10,000 to have an additional revolving capital to buy tomatoes, cabbages, eggs, potatoes and bananas to sell.
Someday, she is aspiring to diversify her business into selling meat and fish too. This will help improve her earnings.
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.