Teresita is 58 years old, married and engages in selling native cakes as well as hog raising. Her husband is a farm laborer in their village. The couple has been blessed with four children; three are married and the eldest is still single. Teresita sells her native cakes using her bicycle with a cart. She sells them around her village and nearby villages. Usually, she is able to sell her native cakes before lunch time, after which, she had nothing to do, so she decided to engage herself in hog raising.
At her age, Teresita is getting older and she aims to make her businesses stable. For her dreams to be realized, she requests additional capital of PHP15,000 which allows her to buy hog feed to ensure proper nutrition for her pigs. Teresita is optimistic about the future.
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.