Lilia is 45 years old. She is married to a farmer and blessed with three children. She hopes that someday, through her barbecue making business, she will able to send all their children to finish school. And to attain this dream, their business should promote and maintain its good condition. But Lilia hasn’t enough funds to purchase additional pork to make barbecue. For this reason, she is requesting a loan of PHP 10,000 to use in purchase of pork and ingredients such as soy sauce, salt, oil, ketchup, garlic, vinegar and onion. She prays she will be able to maximize their income in order to save for their children’s education as well as build a better barbecue stand.
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.