Julia is a hardworking mother. She is 55 years old, married and has three children. She uses her cooking skills to make meals and snacks as her business. She also runs a store. Her spouse helps her in the business. From her businesses, she was able to generate an income of 10,000 PHP each month. The income goes for meals and revolving capital in the business. She hopes to improve her services and keep selling delicious foods, which is why she is asking for a loan of 20,000 PHP to buy pork meat and chicken to cook and sell in her food stall. She will also buy kitchen utensils to use in the food stall. This will help improve sales and keep generating good income from her business.
Someday, Julia hopes to keep increasing profits in order to save funds for use in times of emergency.
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.