Tessie is 52 years old, married, and has eight children, three of whom are attending school. She and her spouse operate a small eatery business in front of a school. This way, they generate about P5,000 each month. Aside from cooking and selling meals, Tessie is also raising hogs to sell. All they want is to make the family financially stable and have a better way of living.
She would like to borrow a loan of P20,000 to buy ingredients used in cooking meals and supplies for the maintenance of the hog raising business. With the help of this additional capital, she will ensure good growth of her hogs and make improvements in the eatery business.
Tessie would like to keep providing good service to her customers and gradually save funds for emergency purposes.
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.