Edelyn, 48 years old, is a very industrious entrepreneur. She is married and has five children. Edelyn operates a retail business. She wants to purchase additional goods for her store because her main source of income comes from selling different products. Edelyn is asking for a loan of 10,000 PHP to buy canned goods, spices, biscuits and noodles for her business. Hopefully, her loan request will be granted.
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.