Felicisima is a hard-working mother who is engaged in a Karinderia (food stall) business. She cooks food daily and sells it in her village. Her Karinderia stall business is located in front of her house. Felicisima is a widow and mother of five grown children. According to her, Felisicima needs to work hard to earn a higher income in order to sustain her grandchildren's needs while they are living with her. Felicisima is requesting a loan of P50,000 to buy meat to cook and spices for the food. She plans to manage her business well and earn a higher income to continue helping her grandchildren while their parents are working abroad.
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.