Pilar is 41 years old and has two children. Pilar keeps busy managing a food business, primarily selling frozen foods. She is working hard to boost the family income and to lift her children from living poor. Pilar has been engaged in her business for two years and earns a maximum of about PHP 1,500 a week. She is asking for a loan of PHP 10,000 to purchase hot dogs, "langgonisa" (sausages) and "toccino" (bacon) to sell. She hopes that with the help of this loan, she will reach her desired net income and be able to save for her family's future.
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.