Erma owns and manages a welding shop in her community which provides the financial resources to cope with her family's growing needs. Her husband is the one who is trained in this field, but she helps him through managing the business and providing good communication and friendly character to their customers.
She is planning to expand their business but insufficient capital stops her from executing the plan. In order to fulfill her plans, she is asking for a loan of PHP 20,000 for the expansion of the welding shop. She will then be able to support her husband in earning a higher income and saving for the education of their two children.
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.