Felicitas M. is engaged in retailing cooked foods in their village. She aspires to further expand her business to be profitable. She plans to retail more cooked foods so that she’ll also generate more income everyday and provide sufficient needs for her children.
Felicitas needs additional capital amounting to Php 6,000 to improve her business and to have a fund for purchasing needed ingredients for her cooked foods. She hopes to be given the chance to expand and grow her business with the loan she is proposing.
Felicitas is already 51 years old and has three children. She is married to Ernesto M. and they are presently residing at Alinguigan, Ilagan, Isabela. Two of her children are currently studying: one is in college and the other one is in high school. She hopes to keep them in school until they finish their courses in college.
Felicitas is glad that her husband is patiently working on their own farm to sustain the educational needs of their children.
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.