Teresita runs and has operated her home-based store for three years. Aside from retail she is also planting different kinds of vegetables which she sells within her local community. Teresita is married and has three children. Two of her children are married while the third is an overseas Filipino worker. Teresita's spouse is a carpenter and farmer.
The couple aims to improve their living condition and to have a stable source of income. To make their dream possible, Teresita decided to request a loan in the amount of PHP 15,000. She will use this loan amount for restocking her home-based store so that she can satisfy all of her customers’ demands and be able to encourage more customers to buy her merchandise. She hopes for continuous access to financial services so that she can be a successful entrepreneur someday.
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.