Florida A. is from the village of Cataggaman Nuevo, Tuguegarao City. She is 49 years old, married and has four adult-aged children. To make a living, Florida raising crops, primarily planting and harvesting a variety of vegetables that she sells. Florida has been in her business for over 20 years and earns approximately 5,000 PHP a month.
Florida joined ASKI to access financial services to improve her living situation and to engage in business. Florida is requesting a new loan of 20,000 PHP to expanding her business. This loan will be her seventh from ASKI. She plans to use the additional revenue generated from the business to pay the tuition fees for her children.
ASKI is one of the most successful microfinance institutions in the Philippines. It has 25 branches covering the Central and Northeastern areas. Its clients are mostly of farmers, fisherfolks and small entrepreneurs.
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.