Salvacion poured out her skills, cooking meals to sell as her income. She is 45 years old, married, and has two children. She has been in her food selling business for three years and earns PHP 6,000 each month. The money is used for meals and school fees.
Salvacion is now borrowing loan of PHP 7,000 to buy pork, beef, fish, and chicken to cook and sell. She hopes to keep cooking delicious meals to earn more profits and establish a more convenient food stall.
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.