Gloria is from the village of Antonino. She is 36 years old and is married with two children. Though she is a teacher at a government school, still she is engaged in her food stall for additional income. She has been in this business for almost two years. To this end, Gloria is requesting a loan in the amount of PHP 50,000 to buy kitchen utensils, chicken meat, pork and vegetables to cook and sell. Gloria hopes that she can obtain her desired loan to improve her business.
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.