Teresita is 58 years old. She lives with her husband and three children in the village of Guayabal. She is a woman who remains lively and innovative. She has worked throughout her life to give her family a good quality of life. The fact is, she opened a store based in their home and offered a variety of basic needs for a long years. She works hard for her business. To make it possible, she is asking for a loan of PHP 10,000 to buy a variety of items such as noodles, eggs, canned goods, beans, sugar, salt, detergent and other items that are attractive to her customers. This way, she hopes to enhance the quality of life for her family, which is the most important thing to her.
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.