Emily, 46 years of age, is married to a farmer and blessed with one child. She has owned and operated a food stall inside the school campus for almost six years. She is thankful that she can earn at least PHP 1,500 a day.
She dreams for her business to become successful and to achieve this, she will need additional capital. With this, she decided to borrow a loan of PHP 40,000 to purchase food ingredients and condiments for her food stall business. She is hoping that her requested loan will be granted so that she can improve her business, and for her business to become profitable.
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.