To support her family, Delia makes snacks for sale. She has been managing this business as an additional source of income for three years. She believes that much patience is needed in performing this service, because different processes are required to make “bibingka” and other native cakes. She wants to increase her production to provide her family with a higher income but, unfortunately, her lack of capital is holding her back. Delia is applying for a loan of PHP 10,000 to enable her to buy milk, malagkit rice and sugar, to make malagkit (sticky rice) for snacks.
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.