Edna is an industrious wife. To supplement her spouse's income, who is a construction worker, Edna operates a small store selling grocery items to the people in her village. She has been selling items for over 5 years now and gains about 4,000 PHP each month. She is now 38 years old and has three children. The family peacefully resides at Enrile.
Edna would like to increase her sales but she has insufficient funds. She is now asking for a loan of 13,000 PHP to buy soft drinks, sugar, coffee, milk and noodles to sell. She promises to pay back her loan in full. Edna's goal in improving her small business will lead to income stability, and therefore allows her family to live fortunately in the future.
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.