A loan of $425 helped to buy a coconut shredder and other tools used for confectionery production.

Rosenette's story

Rosenette P. lives in a beautiful spot in a rural area within the municipality of Pandan, at the north of Antique Province on the island of Panay. The 45-year-old mother of four likes to garden, tending to a small plot of flowers near her house. Her youngest child is in the fifth grade, two others are in college, and one has a university degree in commerce and works in Manila. Her husband Warlito is a farmer.

Four years ago, Rosenette started a business making and selling bukayo, a sweet treat made from coconut, sugar, water, and vanilla. Her father taught her how to make it. The process involves frying up the mixture in a big iron pan over open flame. Once it's cooked, Rosenette uses bamboo molds to shape it into bite-size pieces, puts five in a package, and seals it up. In 2008 she was featured on national TV in a show about Pandan, which is becoming more popular as a travel desitnation. After the appearance she says she got many new orders as people text-messaged inquries to her. Many of her new customers were Filipinos living and working overseas.

Business has been steady since her star turn, and Rosenette hopes to grow her bukayo-making operation. She is applying for this loan to buy a coconut shredder -- an electric grinder to extract coconut meat from the shell -- and other tools to help boost her production capacity. If she can grow her business, she says she'd like to be able to employ other women who are members of ASHI, the microfinance institution from which she borrows. She also wants to be able to continue to support her children's education.

Loan details

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Loan details