For more than a year, “Balot” vending has been the primary business of Mrs. Elsa S.. (Balot is a fertilized duck egg with a nearly-developed embryo inside that is boiled and eaten in the shell). She earns a weekly net income of PHP300. She works patiently in order to generate income for her family. She seeks financial assistance from KIVA to further develop her business and expand into other kinds of business to increase her income. Elsa is hoping to borrow PHP18,000 as additional working capital.
Elsa is 47 years old. She is married to Ariel S., 36 years old. Her husband works as a tricycle operator. They help each other for the progress of their family. Unfortunately, the couple doesn’t have children yet. They are happily living at Barangay Minante 2 of Cauayan City.
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.