Due to the hardship of living, Febelyn engages in buying and selling of ukay-ukay (used clothes) in the public market to help her husband in generating income for the family. She aimed to improve and strengthen the business to generate sufficient income and continue sending their children to school.
In this regard, she planned to acquire more stocks of dry goods to sell in the market. But because of inadequate capital, she is asking for a loan of PHP 35,000 to buy the additional stocks of used clothes for sale.
Despite problems and difficulties in life, she has the strong determination to improve the business. She believes that her patience and hard work will help her to improve 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.