Teresita is 42 years of age, married and has two children. To earn a living, Teresita is engaged in a retailing business. She has been running her "sari-sari" store for three years. Her income is just enough to cover her children's daily expenses.
Right now, Teresita wants to expand her business. For this reason, she is asking for a loan in the amount of 10,000 PHP to buy canned goods, noodles, assorted breads, and condiments to sell. Teresita hopes that she can obtain her desired loan to improve and expand 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.