Skyline, age 34, began her business because she needed a way to generate income when she found herself hardly able to provide the needs of her children. She wants to keep growing her business, but with an increase in demand, she doesn't have enough capital to keep up. For this reason, she is asking for a loan of PHP 25,000 to purchase vegetables, meat and soft drinks. Her goal is to have a large well-known restaurant and for her stall to make more money and provide employment through hiring waitresses in her restaurant. She hopes to achieve her objective soon.
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.