Gloria owns an eatery business, which is her only source of income. She uses it to support her three children and provide for their education. Gloria acts carefully every day and makes delicious food in order to obtain a good income to provide her family with a better quality of life. She loves her family so much, as well as her business.
Gloria is asking for a loan of 40,000 Philippine pesos (PHP) as additional working capital to buy more food for her eatery such as rice, meat and vegetables. Part of the loan will also be used to buy soft drinks and some kitchen utensils. She hopes to acquire more customers through offering a greater variety of food.
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.