Lucrecia is a 55-year-old mother who lives in a rural community together with her husband and their children. They help each other in cultivating their farm to increase their production and income to satisfy their necessities.
Due to financial difficulty, Lucrecia engages in making delicacies such as rice cake, tamarind candy and many others that she sells in her village. She aimed to strengthen this business, but she has inadequate capital. In this regard, she is asking for an additional loan of PHP 10,000 to buy sugar, coconuts, milk, plastics and other ingredients needed in preparing snack food to sell.
Through this financial assistance, Lucrecia believes that she will be going 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.