Erlinda is 53 and lives with her family in her own house in the village of Calao, West Santiago. She is thankful because she has been blessed with four grown-up children.
She has a business selling food in front of her house. Her food stall is in an area much frequented by people. She has been doing this business for three years and she's glad because she is able to generate an income of P40,000 a month. She starts vending rice soup at 6:00 in the morning until 6:00 in the evening because she has many customers due to the good flavor of her food and cleanliness of her stall.
Erlinda would like to improve her food production business so she is requesting a loan of P25,000 to buy rice, utensils and ingredients for her food production business. This will enable her to continue offering good service to her customers and covering all her household expenses with her earnings. Now she is aiming that someday she will have a bigger and more comfortable stall for her customers.
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.