Juanita operates a small food stall at the nearby school. She has been doing this for five years now and she earns PHP 3,000 each month. She has two children but lives separately from them.
She is now asking for a loan of PHP 10,000 to buy biscuits, juice drinks, candies, and breads to sell.
She hopes this loan will be given to her as a way of business improvement. She will save additional revenue to use in times of emergencies.
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.