Tessie is a responsible mother who runs a small variety store to help her husband in generating income. She aims to improve and strengthen the business to increase her income. She will use the additional income to finance the education of her two children and satisfy their basic necessities.
She plans to increase her product offerings to satisfy her customers’ needs, but she does not have enough capital. For this reason, she is asking for an additional PHP 20,000 to buy additional stocks of snack foods, beverages, seasonings, soaps, canned goods, noodles and soft drinks to sell. Despite problems and difficulties in life, she believes that she is going to improve the business and make it more 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.