Eulalia is 39 years old and has operated a general store for almost 3 years. The business has become the sole source of income for her family. Eulalia is married to Orlando F. Sr. who he is 41 years old. She has 5 children; Regan is 20 years of age and a farmer, Regan Angelo is 17 years of age, Melvin is 14 years old Angel is the forth child and is in the first year high school and the youngest is Orlando F. Jr. who is 6 years old and is in grade school.
Eulalia earns a weekly net income of PHP 1,000 from her general store. She is asking for a loan amounting to PHP 25,000 as additional working capital. She believes that “if you work hard you should incorporate a lot of patience” you can become successful someday. She hopes that the loan she is requesting will pave the way to progress in their only livelihood.
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.