Erlinda told us that having a child working abroad is very helpful in supporting their needs, but it does not mean that she can just stay at home and wait for her child’s salary, thus she decided to engage in the vending business. She retails mongo beans and rice in their village.
Erlinda has only been in this business for two months but according to her, it really helps her lot. For that reason, she wants to expand the business by purchasing a sack of mongo and other kinds of beans and at least three sacks of rice to retail, thus she wants to take out a loan from Kiva. She hopes that with the amount of PHP 15,000 as additional capital, her business will progress.
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.
ASKI’s motto is “Together, let’s make things happen!” Join ASKI's Kiva Lending Team or view its website.
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