Teresita, who is 43 years old, is a responsible mother and the operator of a motorcycle service that has been in operation for seven years. Working hard every day just to meet the needs of her family, she also sells vegetable in the village for additional income.
Teresita has requested a loan of 10,000 PHP (Philippine pesos) to buy paint for her motorcycle and more vegetables to sell. She hopes to increase her profits so that she can sustain the financial needs of her family, improve their standard of living, and save money for future emergencies.
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.