To earn a living, Julie engages in the buying and selling of frozen foods in her community. She is 25 years old and has two infant children. She aims to earn a higher income to satisfy their necessities and to save for the future of her children. In this regard, she plans to continue and strengthen the business but she has inadequate capital. Therefore, she is asking for 7,000 PHP to buy additional stocks of hot dogs, tocino, longanisa (pork sausages) and ham for sale. Through this financial assistance, 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.