Florilyn is 40 years old and is married with six children. To earn a living, Florilyn has operated a retail store for three years. She earns about PHP 400 a day.
Florilyn wants to expand her family business. That’s why she is taking out this loan in the amount of PHP 15,000 to purchase additional stock such as groceries, canned goods, shampoo, soap and other ingredients to sell.
Florilyn hopes to grow and expand her general store to secure her family's future and educate her children so that they will become professional some day. Despite the hardships of life, she is striving hard to earn and save money for educational purposes.
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.