Felisa manages a variety store in her village to supplement her husband's income and help pay for daily needs. She is now 55 years old and has four adult children. Felisa and her husband aimed to improve their standard of living to give their children a better future. Despite the hardships of life, she pursue the business for she believes that hardships and difficulties are the stepping stone towards success.
Felisa wants to increase the product offerings in her store to satisfy her customers' needs but she has insufficient capital. Therefore, she is asking for a loan of 15,000 PHP to buy canned goods, snack foods, candies, biscuits, eggs, beverages, soaps and seasonings to sell in her variety store. She hopes that this loan will do much to help make her business grow and become a viable source of income.
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.