Teodora T. is 51 years old. She lives with her husband, Edgar, in their village of Larion Bajo Tuguegarao, City. Edgar, age 52, manufactures simple knives. They are blessed with two adult children who are both single.
Teodora and her husband work hard and help each other to provide for the needs of their family. They patiently operate a blacksmithing and manufacturing business in their village. She goes from house to house and from agency to another to sell their finished products. Teodora earns PHP 500 in daily income that she uses for their basic daily needs.
Teodora has been in this business since 2000. She is requesting a loan of PHP 5, 000 from Kiva lenders to improve their blacksmithing and manufacturing business.
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.