Flora is a widowed mother and has grownup children who help her in the retail business. With her daughter, she has run a store selling various grocery items, fruits and vegetables too. She is very determined about achieving a good income but has insufficient funds. That is why she is asking for a loan of PHP 25,000 to buy canned goods, eggs, breads and soft drinks to sell. In the future, Flora would like to make her business more profitable and continue providing good products and services to all her customers.
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.