Mary Rose is a street food vendor in her village. She sells roast hot dogs, barbecue, and roasted chicken intestine. She wakes up early in the morning to go to the market and purchase materials and raw ingredients for her food selling. In the afternoon, she prepares all her commodities and brings them to her stall along the street. Her earnings in the business support her daily expenditures.
Due to the increasing number of her customers and demand, she experienced shortage of her offered food products. For this, she is asking for a loan amounting to 40,000 PHP to keep up with her customers and to buy sufficient supply of food ingredients, meat, and materials. She hopes that her business will improve so that she can earn more income.
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.