Florenda is 20 years old and married. She has operated her furniture shop for almost five years. Florenda sells different kinds of furniture such as chairs, cabinets, tables and beds. She is grateful because her business is improving and her customers are increasing because of the quality of the products they make.
Florenda is requesting a loan of PHP 15,000 to buy additional raw materials to make more furniture to sell and to buy feed, supplies and piglets. Each month, Florenda earns about PHP 7,000 in her furniture business.
In the future, Florenda hopes to develop her furniture shop and buy more raw materials so that she can minimize her expenses in going to and from the market. She is praying and hoping that her requested loan will be approved.
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.