Lourdes aims to improve her family's status of living and give her children a bright future. She is engaged in a candymaking business to generate additional income. She is 53 years old and has three school-aged children. Due to the high cost of school fees and commodities, she sacrifices her time by making and selling candies on the school campus to finance the education of the children. She wants them to earn a degree so that they will be employed someday.
She is requesting a loan of PHP 8,000 to buy eggs, flour, sugar, sticks, and plastics needed in making candies. She believes that through this loan, she will make and produce more candies to sell. She hopes that in the future, she will make her business grow and that it becomes viable of income in the future.
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.