Edelita operates a buy-and-sell business in her village. She earns an income of PHP 500 a day and usually spends it on basic necessities, such as food. She wants to increase her income so she can save for the future. To make this possible, she is now applying for a loan of PHP 12,000 to buy fruits and vegetables to sell such as tomatoes, calamansi (a citrus fruit), cabbage, pechay (another type of cabbage) and carrots. She is hoping that her loan request will be granted so she can achieve her desired income, which would provide her with a better living and help her to save for the improvement of her business.
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.