Nora is 40 years old, married and has three children. With her spouse, they cook and sell pancit (noodles with vegetable toppings) for income. She has had this business for four years. Her income is used for meals and school fees. She would like to increase her sales and extend her good service, which is why she is asking for a loan of P 6,000 to buy soft drinks, vegetables and meat.
With the delicious food she sells, Nora will gain more customers and increase income as well and save for family's future expenses.
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.