Nelia, 59, is a mother of four children of adult ages. To supplement her husband's income from farming, she manages a retail store and a mini-eatery in their village. She is rolling an estimated amount of PHP 20,000 into the business at the moment. After 15 years of doing the retailing business, Nelia now earns PHP 8,000 each month, which has been used to support members of her extended family.
Her plan to pursue peanut butter making as an additional product to offering in her store encourages Nelia to request additional capital from ASKI. She is asking for PHP 10,000 to buy peanuts and groceries like seasonings, canned goods and more stocks to display in her store. Nelia learned this peanut butter making skill from her expert friend.
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.