Maria Dolores is 46 years old and widowed. She lives happily in a rural community with her two children. Despite financial difficulty, she aims to uplift their status of living to give her children a better life. She engages herself in the cooking and selling of barbecue in their community to generate income. She aims to improve the business and generate sufficient income to satisfy her family needs.
Due to financial insufficiency, she is asking for additional capital of 10,000 PHP (Philippines pesos) to improve the business. She intends to spend the loan on buying fresh meat, chicken heads, stomachs, liver, hot dogs, seasonings and other ingredients needed in cooking barbecue for sale. Being a hardworking mother, she believes that she will make an improvement in the 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.