Milagros, 49, operates a small restaurant in the market selling foods such as viand and rice. Since she loves cooking, she built this kind of business. It has been the great source of funds for sending her children to school. She is grateful because, for over 25 years of operating this business, she has loyal customer already that provide her with an income. Through her friendly and kind character, she has gained customers and friends.
With the unending requests of customers, Milagros is requesting additional working capital to provide for the necessary wishes of her customers. A loan of PHP 15,000 will be used to purchase pork, beef and rice to cook. She hopes that, through the loan, her business will be doing well and will make enough money to provide the necessities needed for her family.
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.