Teresita started her business selling vegetables on a small scale in her village. When she had enough experience in managing a small business, Teresita engaged herself in planting and harvesting citrus fruit in her field. She realizes that managing this type of business requires hard work to gain higher income.
Teresita dreams of owning and managing a small agricultural supply soon. She has to work hard and grow her planted citrus on her farm to get better yield and better income as well. Teresita is asking for a loan of 50,000 PHP to buy fertilizer and to pay the labor costs of harvesting her citrus fruit. She hopes to gain higher income and save some of it to start pursuing her dreams.
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.