Felanie manages a candy-making business that generates a monthly income of PHP 5,000. She delivers her products every day on a bicycle. She has been in this business for over a year. Felanie is aiming to increase the volume of her products but her capital is lacking due to household expenses and delayed payments by her customers. For her to reach her goal, she is asking for a loan of PHP 25,000 to purchase sugar, milk, cocoa milk and yeast. Part of the loan will also be used to purchase flour to make miki (noodles) for snacks. She hopes that she can obtain the loan amount requested. She believes that despite the situation she has gone through, some day she can attain success for 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.