Vending of native cakes is what Erlinda E. does during her business day. She starts vending her homemade cooked native cakes at 9:00 a.m. and stops selling when they are all sold. She then repeats her business routine again the following day, and so forth.
Because she wants her business to grow and increase her daily income, Erlinda is hoping to borrow PHP 4,000 from Kiva lenders as additional business capital. She hopes that lenders will provide her with the loan that she has requested, for it will allow her to develop her vending business.
Erlinda is married to Eduardo and the couple is blessed with five children: the eldest is already married; Elpidio - 21 years old is a high school graduate; Jennelyn - 19 years old; Edralyn - 11 years old, is a grade-II pupil; and Angelica - 6 years old, is a grade-I pupil.
Erlinda hopes that she will be able to sustain the needs of her family, most especially the financial needs of her children in their pursuit of a good education.
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.