A business oriented person named Glenda lives in Bagumbayan, Tuguegarao City. She lives with her husband and four lovely children.
Glenda established a food selling business a year ago. She cooks and sells daily meals and snacks such as pansit (a term for noodles in Filipino cuisine), pork and chicken viands. Her daily schedule runs from 7 a.m. to 6 p.m.. She usually earns about PHP 5,000 each month. The income serves as revolving capital and part of it pays for stall rentals and the allowances of her children.
Glenda now asks for a loan of PHP 25,000 to buy pork and chicken meat, eggs, onions, vegetables and rice to use in her food selling business. She needs to improve her sales to attract more customers and boost her profits.
In the future, Glenda would like to make her business more profitable and own a stall.
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.