Geraldine is living in San Jose with her parents. She is single and did not finish a college degree so she decided to help her parents manage their small business. She is asking for a loan of PHP 15,000 to buy pork meat, ingredients, and rice to cook and sell in her food stall. This will help meet her customers' demand for the delicious food she offers. She hopes to keep earning good profits from the business so she can save funds to use in times of emergency. Though she did not finish her education, she is very happy to manage a business now. She hopes that someday, she will achieve financial independence.
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.