For the past three years, Roxanne has sold balut and red eggs wholesale and retail. She is happy because her business is growing. As her business grows, she needs more capital. She is requesting a loan of 50,000 PHP to buy materials needed for the production of red eggs and balut.
Roxanne is married and has two children. Her profits are used to pay their monthly electric bill, their daily household needs, and the salary of her helper. She hopes that her business will improve and expand so she can generate higher profits, improve her family's standard of living, and become a successful wholesaler of red eggs and balut.
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.