Fortunata is a responsible housewife who has owned and managed a variety store for almost 20 years. She is now 49 years old and blessed with three siblings. With her husband, they aimed to become successful and financially stable to educate their children and give them a better life. Currently, two of their children are now in tertiary education and they are in need more financial support. In this regard, Fortunata aimed to strengthen her variety store in order to increase her income. She is asking for additional capital of 50,000 PHP to buy additional stocks of noodles, frozen foods, beverages, seasonings, soft drinks and vegetables for sale. Through this financial assistance, she believes that she will further improve the business and increase her income.
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.