Teresa has been running her rolling store for four years. She uses her motorcycle as transport in selling her products. With her aim to improve their way of living and have a stable source of income, Teresa patiently runs her business and economizes in her household expenditures. In this way, she can cover all their daily expenses and support her children's education.
To make her dreams possible, Teresa is asking for bigger financial support from ASKI and KIVA. She is requesting a loan of PHP 10,000, which will be used to buy vegetables, raw pork meat, fish, frozen foods and other basic needs for her food production business. She knows that through this small business she manages, she will succeed. So,Teresa is hoping that her requested loan amount will be granted.
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.