MEET OUR CLIENT: Josephine Alima
Mrs. Alima availed herself of the bank's MABS-designed loan, borrowing 25,000 pesos initially. She used the money to convert a section of her house into a mini-bakery and hired additional workers.
Josephine Alima and her husband acquired an exclusive recipe for peanut biscuits as payment for a debt owed to them. Mrs. Alima had a vegetable-selling business at that time, but she started baking and marketing the peanut biscuits following the recipe she had received. She sold them in small quantities at the local school canteen, groceries, and supermarkets.
The peanut biscuits became a winner among merienda (snack) fans in the community. Demand was so strong that Mrs. Alima decided to close her vegetable stall and focus on producing the biscuits full time. Very soon, she found she needed additional capital to cope with the increased demand.
