To earn additional income, Pheta engages in selling snack foods/refreshment foods near the public market. She is 50 years old and has two children. Despite problems and difficulties in life, they have the determination to uplift their status of living.
Pheta aims to prepare more kinds of snack foods to sell, but she has inadequate capital. For this reason, she wants to borrow PHP 10,000 to buy milk, coconut, sugar and other ingredients needed in preparing snack foods. Being a hardworking mother, she believes that she will improve her business.
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.