Juanita is 32 years old. She sells rice cakes and native cakes in the village, which she has been doing business for two years. She earns 300 PHP a day.
Juanita is requesting a loan for 10,000 PHP, which she will use to purchase white sugar, coconut, malagkit rice, and milk so that she can increase her product offerings. She hopes that she can earn a higher income so that she can build a hog fattening business as an additional source of income.
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.