Due to financial difficulty, Fideline is engaged in buying and selling soft drinks and feed in her community. She is 47 years old and married but has no children. Despite this, she and her husband strive hard to earn a living and save for their future. They aim to improve their business and become financially stable.
Fideline wants to acquire more stock of soft drinks and feed to sell in her community, but due to inadequate capital, she is requesting a loan of PHP 50,000. She mentioned that she has some competitors in the area but she believes that she can manage the business and make it more profitable.
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.