Elisa, 50 years old, lives in her own house in a rural area with her husband and five children. She makes a living by making and selling cooked foods. Day to day, she rises early to go to the market to get ingredients fresh and ready that allow her to make her delicious foods. Elisa has many customers because, when it comes to cooked foods, she has the best and at the most accessible prices.
Elisa has decided to take this PHP 30,000 loan to invest in her business, seeing as her dream is to see it grow. She plans to buy necessary, raw materials such as corn, rice, pork rind, cheese, beans, tomatoes, cabbage, etc. In this way, it can improve her quality of life. She can hope to achieve her dream and be able to give her family a better chance at life.
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.