Renie is 35 years old and loves to cook snacks. With the ability to cook delicious food, he built a small stand beside his store in their house. As he sells groceries, he also sells snacks such as banana cue (banana on a stick) and juice.
To make his business prosper, he is requesting a loan of 10,000 pesos to buy groceries, bananas, "camote" root (sweet potatoes) and sugar. He hopes to save enough money for his parents as well as his future.
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.