Norma is 50 years old, married and has one child working overseas. To generate income, she cooks and sells snacks such as boiled eggs, bananas and soup. She had been patiently doing it for over four years now. She gains about PHP 200 each day. She is now asking for a loan of PHP 12,000 to buy sugar, flour, eggs and cooking oil to use in her food selling business.
In the future, Norma wants to diversify her business and come up with a small store for an additional source of income.
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.