Ruth is 47 years old and lives in Lallo. She sells fried chicken to earn a living. She operates this business with the help of her husband and children. Their needs and wants are satisfied because of producing fried chicken for sale in the market. She has been running her business for more than eight years. Every month, she earns 5,000 Philippines pesos (PHP) that she usually utilizes for their daily living expenses.
She has requested a loan of PHP 50,000 from ASKI to purchase chicken, flour and spices, as well as three pigs as an additional source of income.
Someday, Ruth aims to develop her business more in order to purchase a motorcycle to use in her business.
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.