Nimfa prepares meals, cold drinks, and some snack foods in her store. Her business site is located close to the government hospital in their municipality, so she is earning good profits. She has been running this business for six years. She has two children attending school. Her husband manages their tricycle and operates it for a transport service.
Her earnings from the business serve their household expenditures. Some of their earned income was invested into other business for additional income like farming. She wants to expand the products that she sells to her costumers. For this reason, she is requesting a loan of PHP 30,000 to buy drinks, meat, and raw ingredients in cooking meals. She hopes to gain a higher income in expanding her stall to accommodate more costumers.
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.