Francisca has requested a loan of 50,000 Philippine pesos to buy additional toys, notebooks and bags to sell in the market. This loan will help her expand the products she sells to her customers. It will also help her increase her profits.
Through her business of selling school supplies, belts and stuffed toys over 30 years, she has been able to send her four children to school. Three of them are professionals. Now, her ultimate dream is to support her youngest child, who is about to graduate in 2013, in pursuit of a college education.
To Francisca, no matter how hard life is, she is determined to give her children a better life. Her only secrets in pursuing this goal are a deep faith in God, patience and hard work.
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.