Selling both food and daily-use products is the primary source of income upon which Maria Theresa and her family rely. She makes only about P3,000 each month from her business. She sells sardines, soap, shampoo, sugar, milk and coffee. She has been operating this business for almost three years. Income generated from the business went to school fees and allowances of her four children.
She is asking for additional capital of P10,000 to buy soft dinks, canned goods, and noodles to sell in her store. These additional items would help increase sales capacity.
In the future, she aims for a better quality of life for her family, especially financing the education of 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.