Teresita is 46 years old, married, and has three children. She has a retail store based in her home where she earns about 2,000 PHP a week.
Teresita is also engaged to the piggery business, which she has been doing for two years. She earns about 8,000 PHP for each pig she is able to sell.
Teresita is requesting a loan of 30,000 PHP, which she will use to purchase groceries item such as biscuits, soft drinks, cooking oil, coffee, and other ingredients as well as buy feed and vaccine for her hogs to ensure good nutrition.
Her family is her motivational guide in improving her business. She is working hard because she wants to have a better quality of life by doing something that brings in additional income and allows her to support her children.
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.