Teresita is engaged in a general store business in her village in the remote area of Cabisera 25, province of Isabela. She has been in the retailing business for five years. Teresita started her business when her eldest child enrolled in college. She believes that her business could support the educational needs of her children. She wants her business to progress in order to increase her income and sustain the needs of her family.
Teresita wants to borrow PHP 10,000 as additional business capital for her general store. She will use it to buy snack foods, spices, and canned goods for her store. She hopes that her loan request will be granted because it would really be of great help in maintaining the growth of her business.
Teresita is 45 years old and is married to Marcos, a farmer. They have four children.
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.