Emilia is married with nine children, all of them already in their adult age. She is happily living with her family in a village somewhere in Cauayan City. To make an income, she operates a vending business selling various vegetables and fruits. To add to her income, she also retails cell phone loads in their community.
She is asking for a loan of PHP 12,000 to buy different kinds of vegetables and fruits like cabbage, eggplant, bananas, tomatoes and more. After 30 years in vending, Emilia now earns PHP 500 gross income daily that she rolls into the business to maintain their everyday living.
Her hope in the future is to further increase her capital and sales to save for emergencies.
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.