Cooking of glutinous rice cakes has been Cerelina’s business for ten years. She cooks four times a week and sells the cakes to the people around her village. Cerelina is 53 years of age and has three children. Her husband is involved in mining activity, in some places in the Philippines. Cerelina knows that her husband's work is risky. She wants to help her husband in just a simple way. Even though her husband's income from his work is enough to sustain their needs, she wants to have her own source of income. She doesn’t want to rely only upon her husband's income.
Hence, Cerelina is asking for a loan of PHP 20,000 to buy ingredients for baking her glutinous rice cakes, which she will sell. She hopes to continue operating the business and helping her husband.
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.