"Hard work, patience, and wise management are the characteristics needed in running a business," said Julie. She is 53 years of age, married, and has three grown-up children. Her children are all married.
She devotes most of her time to running her butcher shop. She has been doing this for more than 29 years. According to her, the profits gained from her butcher shop have been used to educate her three children. Julie would like to improve her business and offer her customers more products.
Julie's previous loan was used to increased the amount of frozen foods and meat she sells inside the market. So, as her business is growing, she is in need of more products. She is requesting a loan of PHP 50,000, which will be use to buy more frozen foods and meat, such as pork and chicken, for her butcher shop. She knows that she can obtain her goals in life and with her business, because she has already experienced some difficulties and has been able to adopt some strategies for overcoming them.
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.