In 2005, Edina joined ASKI to gain much-needed access to financial services. As a result, she was better able to engage in business activities and to improve her family's standard of living. Recently, Edina successfully repaid a prior loan in the amount of 10,000 PHP from ASKI. Edina is now requesting a new loan, this time in the amount of 5,000 PHP ($125), which would be used to purchase young livestock to raise and sell in the future. Notably, this loan would be her fifth loan from ASKI. She plans to use the additional revenue generated from the business as a result of the loan to improve and expand her business.
About ASKI: ASKI is one of the most successful microfinance institutions in the Philippines. It has 38 branches covering the Central and Northeastern areas of the country. Its clients mostly consist of farmers, fishermen/women, and entrepreneurs.
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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Success!! The loan was 100% repaid