Baking and selling of breads in the market is the business of Lanie. She is 53 years old, married, and has seven children. Her husband is her partner in managing their bakery business.
Through their earned profits from the business, six of Lanie’s children already finished their college education. Her only goal from now is to finish her youngest child's study so he will also hold a degree.
Lanie is requesting a loan of PHP 20,000 to buy sugar, margarine, wheat flour, and raw ingredients in baking breads. She hopes to produce more breads, encourage more customers to buy, and earn higher income to support her child's allowances and other needs for finishing his studies.
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.