Managing a bakery gives Erlinda B. a satisfying day. However, she is still hoping for further development to make her bakery more competitive. She would like to borrow PHP 35,000 from Kiva lenders to use as additional capital. her business has been her partner in sending her children to school and also a big help in supporting the needs of their family. She was also able to employ some of her relatives in her bakery.
Erlinda is 53 years old and very determined to become successful by maintaining her bakery. She loves the business and enjoys entertaining her customers. Erlinda is thankful because she was blessed with two children, Erickson and Ana Kristina, who will someday manage the business and are hoping for its success. Erlinda believes that patience is the key to success. When strategies in life are designed without patience, she says, nothing will happen.
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.