Teresa is from the village of Sta. Isabel Norte. She is 50 years old. Teresa is married and has 7 school-aged children.
To make a living, Teresa owns and operates a retail business. The main source of income for the business comes primarily from manufacturing and selling juice and vinegar to local businesses and community members.
Teresa is requesting a new loan of 8,000 PHP, which will be used to purchase raw materials to manufacture additional products. She plans to use the additional revenue generated from the business to improve/expand her business.
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.