Felipa loves to cook and she has made this into a business in order to generate income.
She cooks daily meals and snacks. She has been doing this for five years. Her stall is located at the nearby school, where sales opportunities are high.
She is now asking for a loan of PHP 14,000 to buy more ingredients for food preparation, such as pork and chicken, vegetables and eggs to cook and sell.
Someday, Felipa would like to save up enough funds for a stall renovation, which will enable her to offer the products more conveniently and increase sales too.
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.