Francisca is 31 years old, married with 3 children. She is a responsible mother who supported her husband in generating income.
She has been buying and selling plastic wares in the public market for almost 10 years. Despite the problems and difficulties she has encountered in life, she is confident in pursueing her business in order to generate sufficient income.
She aims to further improve the business to increase her income in order to acquire the necessities, and finance the education of their children. Due to insufficient capital, she is asking for a loan of PHP18,000.00 to buy more stock of plastic wares, bags, toys, belts and umbrellas for sale.
Through this financial assistance, she believes that she will increase her product offerings to satisfy her customers' demands. She is hoping that someday, she will make more improvement in the 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.