Pacita is 55 years old, married and blessed with four grown-up children. All her children are married and have their own families. Pacita's spouse's work is farming while she is engaged in food production.
Pacita would like to expand the special dishes she offers due to the harvest season but her capital is not enough. With regards to her situation, she is asking for a loan of PHP 5,000 to allow her to buy ingredients such as meat, vegetables, glutinous rice, sugar and condensed milk for her food production.
Pacita knows that through increasing the dishes she offers she can earn more profit and be able to provide customer satisfaction. Pacita is hoping for approval of her requested loan so she could improve her way of living and save some for emergency purposes when she and her husband get weak.
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.