Felicitas is married and has three children. Her spouse is a driver and provides motorcycle transport services to the people in their village, especially students. This is their only source of income. While her spouse provides the services, she is busy taking care of the household and attending to her children's everyday needs.
Felicitas is requesting a loan of PHP 15,000 to buy tires and gasoline to use in the motorcycle. She would like to ensure safe travels for the passengers and, especially, her husband's safety. Someday, with funds from the business, she hopes to buy hogs to raise them as an additional source of 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.