Precy is a kind-hearted person. She is a mother of three and sells hotdogs and sausages to the people in her village. She offers her products on a house-to-house basis and earns about PHP 3,000 each month.
Precy hopes to increase her income and sell more products, but she has insufficient funds now. So, she is asking for a loan of PHP 25,000 to buy hot dogs, cured beef, pork sausages and fish balls to sell. She is very thankful even though she only generates minimal income from her business. Someday, she hopes to increase sales as well as good relationships to all her customers. The additional revenue will sustain all her family's needs.
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.