Felicidad is 54 years old and married. She had been blessed with five children. She has a retail store based in her home and she is requesting a loan of PHP 20,000 to purchase items such as biscuits, soft drinks, cooking oil, sugar and other ingredients to sell. She has been running her business for 10 years and she is thankful because her income has been increasing. Her husband is her motivation for improving her business. She is working hard because she wants to have a better quality of life by doing something that brings in additional income. She hopes that she can get the loan amount she requested.
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.