Nilda lives at her small house at Estefania with her spouse and four children. Her spouse is a farmer while she is a vendor selling grocery items to the people in her village. She has been doing this for over five years now and earns approximately 7,000 Philippine Peso (PHP) each month which goes for their meals and daily expenses of their children.
She is looking for the development of her small business so she is asking for additional capital of 17,000 PHP to buy eggs, vinegar, cooking oil, sugar and biscuits to sell.
With good income from the business, she hopes to continuously pay for her children's education. She will be very happy and proud to see them working as professionals some day.
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.