Due to hardships of living, Eleonor runs a small eatery in their community. She is 41 years old and has four school-age children. She aimed to improve her business to generate sufficient income to help her husband in financing the education of their children. Despite problems and difficulties in life, she has the determination to pursue the business. She planned to sell different grocery items and cook more recipes to satisfy her customers' demand. Due to financial difficulties, she is asking for an additional capital of P10,000.00 to buy grocery items, soft drinks, meat, vegetables and ingredients needed in preparing the recipes. Through her patience and hard work, she believes that she can make the business grow and be a profitable 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.