Teresita lives in Enrile with her spouse and three children. She manages a store as a source of income; she sells grocery items to the people in her village.
She is asking for a loan of PHP12,000 to improve her sales and income as well. She will buy more biscuits, canned goods, noodles, and soap to sell. It will help increase her sales capacity.
Additional revenue generated will be used for school expenses, and saved for the family's sustenance.
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.