From buying vegetables and root crops in the market and selling them in different villages, Ma. Teresa now has a stall in the market selling a variety of vegetables. She shares that what she has now is just the fruit of her struggle in running the business. Ma. Teresa is a widowed mother of five children who are attending school.
After 12 years of running the business, Ma. Teresa is able to provide her children basic necessities and allowances in school. She wanted to borrow a loan of PHP 10,000 to buy beans, carrots and cabbage to sell. She hopes to increase her income to further take care of her children's needs in school.
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.