Virginia is a mother who is engaged in a street food business. She usually sells snacks in their village like "halo-halo" (a dessert) and barbecue. She is 36 years old, and is married with three school-aged children. She has been in her business for almost seven years and earns about PHP 400 a day.
Virginia wants to have more snacks to sell in their local community, but she has insufficient capital. Therefore, Virginia is asking a loan in the amount of PHP 13,000 to buy raw ingredients such as banana, nata-decoco, "gulaman" for her halo-halo and meat, hot-dogs and liver for her barbecue to cook and sell. Virginia hopes to grow and expand her business to secure her family's standard of living.
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.