Teresita is 54 years old, and is engaged in buying and selling of fish in the village. She does it daily and earns an amount of PHP100-200 a day. Teresita uses this to buy their everyday needs such as rice, spices and viand.
Now, Teresita is asking for a loan amount PHP13,000 to buy variety of fishes to offer. She hopes she could now earn higher than her usual income through the help of additional capital.
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.