Virginia lives at Bagumbayan. She is 59 years-old and a widow with three grown up-children. To make a living, she cooks and sells food for daily meals. She also offers rooms for rent to students. This way, she generates an income of P15,000 for her businesses.
She is now asking for a loan of P30,000 in order to buy meat and vegetables to cook and sell and to maintain her room rental services. It will help maintain good sales and profits as well.
With good profits, Virginia will be able to save the necessary funds to develop her business and someday achieve financial stability.
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.