Eduard is from the village of De Vera. He is 39 years old and married with two children. Eduard owns and operates a general store, selling a variety of different products in the local community. He has been engaged in this business for more than five years and earns approximately PHP 300 a day from it.
Eduardo is requesting a loan of PHP 10,000 to purchase additional products to sell such as canned goods, spices, drinks and snack foods.
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.