Rita is a widowed woman from Cabagan with two children. She is engaged in making and selling frozen foods. She wants to expand her business, however she lacks the financial resources to do so. She is requesting a loan to buy frozen foods like hot dogs, tocino, and hamburger patties for her business. With this, she will be able to make and sell more frozen foods.
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.