Linda, 56, has a carinderia (eatery) in the market. She offers pancit and mikki (noodles), candies, and soft drinks. She's happy to know that she'll have loyal customers who appreciate her cooked food and snacks.
She wants to offer new recipes and delicious desserts to her customers, so she is asking for financial support from ASKI in the amount of 10,000 Philippine Pesos (PHP) to buy ingredients in cooking her new recipes, like macaroni and adobo. She'll feel sure of making progress through her loan with her hard work. Through this, she will be able to improve her business as well as their living conditions.
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.