Teresita is 40 years old, married and has two children .They live in the village of Rizal in Isabela province Her husband, Bernando, works as a farmer. Teresita is a vegetable vendor in her village. She buys vegetables in bulk and then sells them at retail prices. She is planning to expand her business in order to increase her income. Therefore, she requests a loan of PHP 22,000. Teresita believes she must be diligent enough to work hard to achieve her goals and send her children to school so they can have a better future. She hopes that her business will continue to grow and that she will have a permanent business stall in the market.
Teresita is thankful her family is still happy even in times of crisis. She hopes and prays to God that her family will remain healthy and away from any harm.
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.