Ma.Luisa believes that" Success is the fruit of Sacrifices". She is 44 years old, married and has four school-age children. She and her husband agreed to continue sending their children to school so that they will earn a degree and become professionals someday. Despite the hardships of living, they have the determination to survive as they continue to work hard and strive harder. To generate income, they put up a bakeshop in their community and they help each other in managing it. They planned to improve the business and prepare more recipes to sell but due to inadequate capital, she is asking for an additional of P50,000 to buy flour, sugar, oils, milk, plastics and trays needed in preparing and making the recipes. She believes that their business will grow and becomes profitable as they continue to manage and make improvements for it.
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.