Helen, 33, sells puto, a type of rice cake, in her village. She is a married mother of five children who are currently studying. She has been selling with love and patience for the last 12 years with great success.
She plans to produce more kakanin, a kind of snack, to generate a higher income. In connection to this, she is requesting a loan of 10,000 PHP to buy coconuts, milk, sugar, pandan leaves and malagkit. She anticipates that she will earn higher profits from her business, which will allow her to give a better schooling to her children. She also hopes that through her business and hard work, she will have a prosperous life with her family.
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.