Teresita is 48, married, and has four children. They live in a village planting rice and raising livestock for sale. As responsible parents, they aim to educate all their children and give them a better life. Due to financial difficulty, Teresita engages in buying and selling fruits and vegetables to supplement her husband's income. She aim to acquire more stock of fruits and vegetables to sell in the market but she has limited capital.
In this regard, she is asking for a loan of P15,000 to buy more stock of tomatoes, garlic, onions, ginger, potatoes, cabbages, sweet potatoes and squash to sell. She believes that the loan will help her to improve the business and hopes that she will become successful and financially stable 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.