Teresita is a mother who loves to cook. She sell meals and snacks in front of the school campus. This is her way of helping her husband to generate income. She is now 49 years old and has only one child. With the help of her husband, they are able to satisfy their necessities and support the education of their child.
Despite the hardship of living, Teresita aims to improve the business so that she can increase her income. Due to insufficient capital, she wants to ask for an additional 20,000 PHP to buy pork, fish, vegetables and ingredients needed to cook and sell in her food stall. She believes that the loan will be a great help to her in improving her business. She hopes that someday her business will grow and become a viable source of income.
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.