Fe is 52 years old, married and has one grown-up child. They live happily in a rural community where they can farm and raise livestock for sale. Due to hardship in making a living, Fe decided to engage in cooking and selling meals and snacks in their community to generate additional income.
Fe aims to improve and strengthen this business to make it more viable and profitable. To work out her plan, she is asking for additional capital of PHP 10,000 to buy soft drinks, spices, seasonings, vegetables and fresh meat to be cooked and sold in the food stall. She is hoping that this financial assistance will enable her to make more improvements in 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.