Ofelia is 33 years old, married and has three siblings. Due to hardship of living, she engages herself in cooking and selling of sweetened foods in their community to supplement her husband's income. Being a hard working mother, she was able to sell more goods and many of her customers are in favor of her products. Many of the store owners make an order with her. In this regard, she has planned to prepare more of her goods but she has not enough capital, therefore, she is asking for an additional of P50,000.00 to buy the needed ingredients like flour, milk, sugar and other materials needed in cooking and preparing the said snack foods. Through this loan, she believes that she will be able to produce more finished products to satisfy her customers demand. She hopes that someday, her business will grow and becomes viable 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.