Felicidad is a 55-year-old businesswoman. She is married to Domingo, a farmer in the village who manages their farmland. The couple has five children. Felicidad wants a good future for her children. By engaging in business, she hopes to support the growing needs of her children.
She started managing her general store 9 years ago. She wanted to earn income for her family, most especially for her children. At this moment, she is requesting a loan for 20,000 PHP to purchase more grocery items such as canned goods, noodles, bread and soft drinks to sell. She will use the loan as additional capital to improve and expand her retail business.
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.