Felymar is 56 years old, married, and has three children. She is a housewife and an entreprenuer who sews school uniforms, curtains and tablecloths to sell. She had been doing this for over 10 years now and usually earns P5,000 monthly.
Now she is asking for a loan of P33,000 to buy thread, fabric and machine oils used in her sewing business. She has insufficient funds because some of her money was used to pay school fees and an allowance for her youngest child, who is currently attending college.
With a continuous income from the business and the success of her children, the family will achieve a better way of living someday.
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.