Edna lives in the peaceful village of Enrile, Cagayan. Despite her age, she established a retail store selling both food and daily used products such as milk, eggs, biscuits, soap and shampoo to the people in her village. She had been in this business for almost five years. She needs to generate an income to pay for bills such as electric, water and daily meals.
Edna is now 56-years-old, married and has five grown children. Sometimes they help her financially but she doesn't want to rely on their remittances.
She is now requesting a loan of P50,000 to buy soft drinks, canned goods, eggs, biscuits and sugars to sell in her store. She would like to improve her sales to make her financially stable.
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.