Due to a lack of job opportunities, Maria Teresa engaged in a small business to help her husband in gaining income to support their family. She put up a small eatery in their community selling meals and snacks. She has been operating the business for almost one year and four months.
She planned to offer more variety of food but she had insufficient capital. In this regard, she is asking for an additional 8,000 PHP to buy fresh meat, fish, vegetables, rice and ingredients needed in preparing different food to offer in her eatery. She believes that someday she will be able to improve the business as she continues to work hard and strives for it.
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.