Florentina grew up in the village of Pinto Alfonso Lista. This place is mountainous and most people's primary source of income comes from corn farming and livestock businesses. Florentina is a widow with six children. Three of her children are married and live separately from her, while the other three work as laborers.
Florentina buys and sells bananas. She has been running this kind of business for 10 years now. Her main goal for now is to earn greater profits and have a stable source of income. Aside from selling bananas, she also engages in a livestock business. She is raising one sow and three piglets. She would like to raise them well and provide them necessary vitamins to ensure their proper growth upon reaching their maturity date.
Florentina would like to apply for a loan of 15,000 PHP. She will use this loan to buy more stock of bananas to fulfill the many orders she has from customers from other villages near her place.
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.