Freda believes that "a hard working person will become successful." She is 47 years old and has three school-aged children. Her ambition in life is to become successful in order to give her children a bright future. Freda owns and manages a small variety store in her village while her husband works at a private company. They help each other to finance their children's education. They hope that their children will all earn a degree and become professionals someday.
Freda aims to improve her variety store to earn sufficient income but due to inadequate capital she is asking for an additional 30,000 PHP to buy more stocks of canned goods, noodles, eggs, junk food, candies, soaps, beverages and soft drinks to sell. Despite problems and difficulties in life, Freda believes that she will make the business viable and profitable someday.
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.