Mrs. Flordeliza R. owns a business processing vinegar and selling home care products such as fabric conditioner and home care cleaners. Mrs. R. is married to Marcelo R. a specialist supervisor at the Department of Environment and Natural Resources (DENR). They are blessed with four children and three have already graduated with degrees. The youngest is presently studying in Commerce courses.
Mrs. R. dreams of upgrading her products to earn a higher income and support her son’s education. To this end, she wants to borrow the amount of Php 5,000 for additional business capital. She would like to one day have her own place of business. She believes that she will achieve her dreams through managing and expanding her 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.