Eliza is 44 years old, and is married to Reynaldo. To make an income, Eliza is active managing their bakery business. She has been in this business for more than five years which usually earns PHP 300 daily.
She wants to increase her sales in order to save for her children’s education. She is also aiming to satisfy her customers requests. Right now, Eliza is asking for a loan of PHP 50,000 to buy additional stocks of raw materials such as flour, sugar, oil, yeasts and other ingredients to make a delicious bread to sell. She hopes that she can get the amount she requested to further develop her business to make a high proceeds.
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.