Flora is a hardworking mother who runs a small variety store in her village. She is 55 years old and blessed with eight (8) children. She and her husband aim to improve their status of living in order to give their children a better life. She aspires to increase her product offerings but she does not have enough capital.
Flora is now asking for a loan of PHP 10,000 to buy more stocks of canned goods, noodles, snack foods, laundry soaps, beverages and seasonings to sell. She is hoping that someday she will be able to improve the business through the loan she requested.
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.