Ednalyn is 45 years old and has two children who attend school. She is engaged in selling vegetables, candies, and biscuits in the school canteen. She also cooks vegetables and sells them to the students. Through this business, she can afford to send her children to school.
Because she wants to improve her business, Ednalyn is requesting a loan for 20,000 PHP to buy soft drinks, breads, hot dogs, and Styrofoam boxes. She wants to earn an increased income for the continuous education of her children. She hopes that they will someday hold a degree.
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.