Miriam, 42 years old, is married to a farmer and they are blessed with two children. She has owned and managed a restaurant in their village for almost 10 years; in this business she's earning a net income of PHP 500 a day. Due to insufficient capital she's asking for a loan amounting to PHP 18,000 to purchase food ingredients, raw meat, and additional materials needed in her restaurant such as plastic cups. She's hoping that her requested loan will be granted so that she can make her business more profitable.
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.