Tessie is mother who runs a small variety store in her village. She aims to improve her business and increase her income to satisfy her family's necessities and finance the education of her two children. She and her husband aim to uplift their status of living to give their children a better life. Despite problems and difficulties in life, they have the determination improve their business. Tessie is asking for an additional capital of PHP 10,000 to buy canned goods, biscuits, candies, junk foods, beverages, noodles, soaps, seasonings, and soft drinks to sell. She believes that someday she will make the business grow and improve their status of living as they continue to work hard and strive harder.
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.