Warlita is a 46-year-old mother who owns and manages a small eatery in the local community. She aims to improve the business and make it more profitable in order to generate sufficient income for the education of her children and to satisfy their necessities.
Due to insufficient capital, she is asking for an additional PHP 15,000 to buy fresh meat, fish, vegetables, seasonings and raw ingredients which she needs to cook and sell in the eatery. She is hoping that someday, she will become successful and financially stable.
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.