Perlita, 37 years old, is a married woman with two school aged children. Her family lives happily in the village of Gappal. Her husband is working as a driver earning PHP 240 for each day while she manages selling pork barbecue and frozen foods in their village.
She wanted to borrow the amount of PHP 5,000 that will be used as added capital in her food selling business which has already been in operation two years. She will buy pork meat and frozen goods like tocino, hotdogs and pork sausage to sell.
At the moment, Perlita's business is able to generate PHP 4,000 each month and it was used in improving her business to increase her sales for the future welfare of 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.