Due to financial difficulty, Elenita engages in cooking and selling of snack food in the local community to supplement her husband's income. She is 47 years old and has three school-age children. They aimed to continue sending their children to school so that they will earn a degree and find a good job someday.
For this reason, Elenita plans to improve and strengthen her business to generate sufficient income. She is asking for a financial assistance of PHP 9000 to buy bananas, oils, sugar, vegetables, meat and other ingredients needed in cooking snack foods to sell. She believes that her loan will enable her to make an improvement in the business.
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.