Leonora R. is 41 years old and she has lived in the village of Cabisera 14-16 (Ilagan) since she was born. Her husband and two children happily live there. Her husband, Orlando, is a corn and rice farmer in their village. Her children are Jessa, 14, who is currently in high school, and Jhondel, 17, now in the fourth year of high school.
Leonora hopes to support the education of her two children through the assistance of her husband and support coming from her snack-vending business. She cooks banana cue and soups for her neighbors. The snacks are sold easily in an hour even when she does not go house to house. She would like to expand this into selling soft drinks and cooking the famous “pansit” (soft noodles in the local language). Thus, Leonora wanted a business loan amounting to PHP 10,000 as additional capital for her vending business she purchase raw material for doing rice cake like flour,coconut and sugar. “I must strive harder in battling with life’s difficulties,” Leonora added.
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.