Erlinda is 37-years-old and is married. She is thankful because she has been blessed with two children. Erlinda has a retail store based in her home and she is requesting a loan of PHP 22,000 to invest in merchandise to stock up on items such as biscuits, soft drinks, cooking oil, sugar and other ingredients. She has been running her business for seven years and she is thankful because her income has been increasing.
Her family is her motivational guide in improving her business. She is working hard because she wants to have a better quality of life by doing something that brings in additional income and allows her to support her children in their studies. She hopes that she can get the amount she requested.
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.