Rosalina offers native cakes and various kinds of vegetables within her local community. She has been doing this kind of business for ten years. Aside from this business, Rosalina also runs a livestock business as an additional source of income for her family. Rosalina is married and has four children. Three of her children are still studying, while the other one is a farmer.
Rosalina plans to improve the taste of her native cakes and to increase the vegetables she offers because she has many orders but has sold out of her products. For her to make her business more productive and profitable, she decided to join this lending program to obtain additional capital for continuous improvement of her food production and sales business. With regards to this matter, she is requesting a loan of 10,000 PHP. She will be using this amount to buy eggplant, bitter gourd, string beans, and some ingredients for her native cakes such as sugar, condensed milk, and gluten for her food production and sales business. She is looking forward to approval of her requested loan amount. She hopes to send her three children into higher levels of education and to sustain her family’s welfare.
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.
A loan of $250 helped Rosalina to buy eggplant, bitter gourd, string beans, and some ingredients for her native cakes such as sugar, condensed milk, and gluten for her food production and sales business.