Felicidad is from the village of Cabisera 5. She is 43 years old. Felicidad is married and has four school-aged children. To make a living, Felicidad owns and operates a general store. While not the only means for generating revenue, the main source of income for the business comes from selling a variety of different products in the local community. Felicidad has been engaged in her business for over 12 years and earns approximately 2,500 PHP a month for these activities.
Felicidad is requesting a new loan of 30,000 PHP, which will be used to purchase additional products to sell. She plans to use the additional revenue generated from the business to improve/expand her 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.