Flordelina is married and has two children who currently go to school. She is a sari-sari store owner within her community and her husband works together with her on the business. Flordelina hopes to keep her business strong in order to support and help her two children finish their studies. But as of now, Flordelina struggles with a shortage of capital, so she is requesting a loan of PHP 15,000. Her requested loan will be used to buy cabbages, eggplants, canned goods, noodles and spices to sell. She is hoping to obtain this loan so she can gain a stable 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.