Feliza is 35 years old, married and has three school-age children. They live happily in a rural community aiming to become successful in the future.
To achieve their goals, she engages herself in buying and selling Magnolia and Pure Foods products and grocery items. These are the major products that she sells in their community. Being kind and friendly to others, she wins many customers who make orders with her.
She aims to strengthen her business to earn sufficient income to finance the education of her children. To improve the business, she plans to acquire more of the said products to sell in their community.
Due to inadequate capital, she is asking for a loan of PHP 50,000 to buy Magnolia and Pure Foods products and grocery items to sell. Through this financial assistance, she believes that she will work out her plan and hops that someday, she will make the business grow into a viable sources of income.
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.