Tessie is 52 years old, married and has eight grown up children. One is living with them at Alimanao. To make a living, Tessie cooks and sells food for snacks and daily meals. She also manages a small store selling grocery items. She wants to generate good profits, that is why she keeps on diversifying her business. She is asking for a loan of PHP 30,000 to buy meat, vegetables, and ingredients to cook and sell in her food stall. With the help of this loan, Tessie will be providing better products and services to all her customers, leading to an income progression needed by the family.
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.