Felisa is a businesswoman who has a small grocery store where she sells basic daily needs such as canned goods, shampoo, spices, body creams and other products. She has benefited from prior loans, which she invested in her business. The current loan that she is requesting is to purchase basic grains such as rice, sugar, canned goods, snack foods, and candies to sell. In addition, she will buy cosmetics such as lotions, creams and shampoo. Her husband and children help her tend to the business after they arrive home from school.
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.