Flora runs a sari-sari store business and sells snack foods, cooking oil and spices. Flora is married and blessed with seven children. Flora’s husband is a farmer, planting rice and vegetables. Flora only finished her elementary level of education even though she wanted to enter college, because her parents had no capacity to send her to school. This reason pushes her to work hard to be able to send her children to school until college. She wants her children to finish their education because she doesn't want them to be like her. She wants them to have a better future someday. Flora has two children in college and prays that they will finish their studies.
Flora wishes to expand her business and earn a higher income to further sustain her children's needs in school. She wants to borrow a loan for PHP 20,000 to buy additional goods to sell in their village like drinks, bread, eggs and coffee.
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.