Francisca is a hardworking mother who owns and manages a variety store in the community. She is 56 years old and has five grown-up children. Through hard work and perseverance, she and her husband were able to support the education of their children. At present, all of them are already employed and have their own families. Despite this, Francisca and her husband aimed to improve and continue the business to generate a sufficient income for their daily living and to save some for future emergencies. She aimed to increase her product offerings to satisfy her customers' demands, but not having enough capital, Francisca is requesting for an additional 25,000 PHP to buy rice, feeds, soft drinks, frozen foods, canned goods, snack foods, beverages and seasonings for sale. She believes that someday, she will improve the business and their status of living through their patience and hard work.
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.