Due to financial difficulty, Rosalyn engages in the cooking and selling of snack foods in her community to earn additional income. She is 54 years old and has three adult-age children. She and her husband aim to improve their status of living to give their children a better life. In this regard, Rosalyn aims to make her business profitable in order to gain sufficient income. She is asking for additional capital of PHP 10,000 to buy flour, sugar, oil, plastics, sticks, bananas, peanuts and sweet potatoes to be cooked and sold in her community. She believes that her loan will be a great help for her to improve the business.
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.