Mildred is 56 years old and has five adult-aged children. She owns and manages a small eatery in the local community. This is her way of generating income to support her family. She has been operating the business for more than five years. Being kind and friendly to others, she has been able to win more customers. In this regard, she aims to prepare more recipes to satisfy her customers demand. Due to insufficient capital, she is asking for a loan of PHP 30,000 to buy fresh meat, fish, vegetables, frozen foods and seasonings needed in preparing the recipes. She believes that this financial assistance will enable her to make improvements in the business.
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.