Erlinda is 50 years old and has one child. She is married to a tricycle driver who patiently has provided transport services at the nearby village for almost three years now. Erlinda would like to improve her husband's transport services, so she is asking for a loan of PHP8,000 for license renewal and to buy new tires for the motorcycle. New tires will help to ensure safety of passengers and the safety of her spouse's life too. Erlinda hopes to make their business profitable so that someday, they will be one of the more successful entrepreneurs in their place of residence.
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.