Tessie’s restaurant is located next to the public park in her municipality. Tessie started her business using an ambulatory cart to carry a basket with the food she cooks to sell at schools and some business establishments. Tessie works hard in order to grow her business.
Tessie’s hard work has funded her restaurant business as it exists today. Now, Tessie operates her restaurant business from a stall that she rents. Tessie is striving to reach her dream, which is to own her own stall. Tessie believes that taking out a loan of 50,000 PHP will help her to quickly realize her dream. She plans to use the loan to buy meat, other ingredients used in cooking the menu she serves and soft drinks for her restaurant business. She hopes to increase her income and to have her own stall 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.