Mila encourages her children to be thrifty in all aspects of expenditures as prices of basic commodities nowadays is increasing. This attitude will help them save even just a little amount to spend on more important things among other expenses of the family.
Mila is 33 years old and has two children who attend school. Mila rented a stall at the nearby school to sell food for daily meals and snacks. She pays for a cook who helps her prepare dishes. She is now asking for a loan of 25,000 PHP to buy ingredients for food preparation such as eggs, pork and chicken meat, onions, and vegetables to cook and sell.
Someday, Mila would like to rent another stall to expand her business and keep generating good profits for the education of her children.
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.