Guadalupe started a sari-sari store business in her village. When she got enough experience of managing the business, and had earned enough capital from her income, she expanded the sari-sari store into a Karinderia (local restaurant). Guadalupe is engaged in selling cooked foods and daily menus in her village.
Guadalupe wants to cook additional recipes to sell but she can’t push it because she doesn’t have enough capital. Hence, she is asking for a loan of PHP 40,000 to buy meat, vegetables and ingredients to use in cooking foods for her daily menu.
Guadalupe hopes to gain more income and continue her started store business to keep an additional source of income.
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.