Adelina is a hardworking mother who has been engaged in cooking and selling snack foods within the school campus, and in her community. She is 54 years old and and has five children. Three of them are still attending school.
Due to high cost of commodities and school fees, Adelina needs to earn a higher income in order to help her husband in meeting the costs of their family. She wants to cook and sell more types of snack, but she has limited capital.
She has therefore asked for a loan of 15,000 Philippine Pesos from KIVA lenders, through their partner ASKI, to buy vegetables, cooking oil, bananas, frozen foods, flour, sugar and other ingredients she needs to cook and sell her snacks. Having this financial assistance will help Adelina to improve her business and generate a higher 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.