Luisa is 36 years old and had been widowed for almost 17 years. She has one child attending in his third year college education. To provide a good education for her child, she is selling processed meat products such as pork sausages, fish, pork and chicken meat. She operates the business in a stall located at the public market.
She needs to offer more food products to meet all her customers demand for affordable and high quality of products she sells because there are many competitors in the market. She wants to improve her sales. She is now asking for a loan of P50,000 to buy cured pork, sausages, hot-dogs, fish and chicken meat to sell in her food stall.
In the future, she wants to have a good financial management and continue acquiring good income from her business. She wants to save enough money for future expenses.
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.