Elizabeth is from the village of Rizal. She is 46 years old, and is married with two children. To make a living, Elizabeth is engaged in a moving business: she usually sell snacks in their local community. She has been in this business for five years and earns a maximum of PHP 500 a day.
Right now, Elizabeth is asking for a loan in the amount of PHP 20,000 to buy vegetables, native cakes and "balut" (fertilized duck eggs) to sell. Elizabeth hopes that she will increase her income, so that she will be able to continuously send her children to school.
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.