Leny is a hardworking mother who runs a small eatery in her community. She is 48 years old and has six school-age children.
She is the only one who provides for the needs of her children, for she is separated from her husband due to problems and unavoidable circumstances. Despite this, she has the determination to uplift their status of living and educate all her children. Due to the high cost of commodities and school fees, she needs to increase her income in order to cover their necessities and support the education of her children.
In this regard, she plans to improve and strengthen the business to generate a higher income. Due to insufficient capital, she is asking for a loan of PHP 20,000 to buy additional stocks of rice, soft drinks, canned goods, noodles, soaps, junk foods, beverages and seasonings for sale.
She believes that this financial assistance will be a great help for her to improve the business and hopes that someday she will become successful and financially stable.
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.