Erlinda is now 56 years old and married but she doesn't have children. Despite this, she helps her husband in generating income to satisfy their necessities and save some for future emergencies. She owns and manages a small bakeshop in the local community while her husband is working in a private company.
Erlinda plans to earn and save more income in order to help in financing the education of her niece and nephews who are now in tertiary education. In this regard, she plans to bake more recipes in order to satisfy her customers' demand. Due to insufficient capital, she is asking for a loan of P10,000 to buy flour, eggs, milk, yeast and other ingredients needed in the bakeshop. She believes that she will continuously improve the business through this financial assistance.
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.