Teresita is here again to ask for financial assistance from Kiva lenders who once helped her with her business through her previous loan.
She has been engaged in vending fruits and vegetables in her village for a long time. Her income from vending is being used to sustain her family’s daily needs. She hopes to maintain her business for the welfare of her family. Teresita requests a loan of PHP 8,000 to use as her additional working capital to purchase more goods to sell. Some of her loan will also be used to sustain the vegetables that she planted in their backyard. It needs fertilizer and other medicines to have a good harvest. She hopes to avail herself the loan for the development of her business.
Teresita is married to Juanito who is also one of the farmers in their village. They have five children, four of whom are adults already. Their youngest is still attending high school and he is the only one left studying.
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.