Teresita is 57 years old, and has been a sari-sari store operator for five years. She is married and is blessed with four children. As of now, she is earning to help her husband in providing for their family. She usually earns an average amount of PHP 200 daily which she uses to buy food for them.
She is requesting a loan amount of PHP 20,000 to buy canned goods, noodles, salt and oil. She wants to provide a variety of goods to increase her sales so as to increase her daily 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.