Ofelia engages in raising flowers for sale for a living. She is 54 years old and has three adult-aged children. She has been a responsible mother and has aimed to earn more income to satisfy basic necessities and save some for future emergencies. She wants to raise a variety of flowers for sale but doesn't have enough capital. She is requesting an additional capital of PHP 20,000 to buy fertilizers and flower pots to grow different types of flowers for sale. Through patience and hard work, she hopes that she will make the business grow and profitable in the future.
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.