Arsenia is maker of soy milk within her local community. She has been running this business for four years. Arsenia is married with five children. Her main priority is to produce more stocks of soy milk because she rapidly sells out of her products. Using soybeans to make milk can be ecologically advantageous because of its nutritious content which is healthy and its medical value for humans.
Arsenia's soy milk has improved and many customers have patronized her business. She is in need of additional capital of PHP10,000 which will allow her to buy three sacks of soybeans and some empty bottles for for her milk production. She knows that through continuous improvement of the taste of the milk, she can obtain her goal of improved financial stability. This will allow her a better way of living.
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.