Pacencia’s dream is to establish another business aside from her current retail store business. She wants to manage a 'Karinderia' (mini restaurant) business in their village for additional income.
Pacencia is married and has five children. She sells grocery items like biscuits, snack foods and drinks. With regards to her dream, Pacencia is requesting a loan of 20,000 PHP to buy beverages, sugar, milk and coffee. She is also planning to buy meat and raw ingredients to cook menus for meals.
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.