Florence is 29 years old, and is married with three children. She has a small store within their house, where she sells canned goods, noodles, spices, vinegars and cooking oil. Working in the store has helped her family earn a consistent income.
Now, Florence is applying for a loan of PHP 25,000 to purchase sugar, coffee, bath soap, soy sauce, salt and soft drinks so that she can bring in more products as well as to have greater 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.