Larra is 24 years old, married, and has two children. She is cooking and selling snack foods for income. She patiently attends to her customers needs, even though she generates only minimal income from it.
Her children are in school and she wants to give them the best education. Maintaining good sales and income from her small business will help educate her children. So, Larra is asking for a loan of P6,000 to buy hotdogs, fish balls and eggs to cook and sell. It will help increase her sales volume.
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.