Teresita, age 45, owns and operates a retail store business. She has been engaged in this venture for almost 12 years and currently earns a net income amounting to PhP 4,000 per month. She is a single mother and lives with her son and her mother in the village of Marabulig 1.
Teresita would like to request a loan in the amount of PhP 15,000, which she will use to purchase noodles, biscuits, coffee, sugar, and beverages to offer for sale.
Her goal is to have a profitable business so that she can earn more income to provide for her family's daily needs.
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.