Honorlita is 41 years old, married and has four school-age children. Having no other job opportunities, she set-up her own catering business and put her gown and bridal costume up for rent. This is her way of helping her husband in generating income to support the education of their children. Being a kind and friendly mother, she was able to win more customers.
Therefore, she decided to acquire all the needed materials for a catering service so she can provide a better service. To work out her plan, she is asking for an additional sum of PHP 15,000 to buy new sets of wedding gowns, curtains, plates, glasses, plates and chairs needed for the catering service. She believes that his loan will help her to make an improvement in the business. Through hard work, she believes that she will make the business viable and profitable in the 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.