Elvira has been a meat vendor since 1990. She is 47 years of age and married with six children. All her six children settled for marriage and have their own families already. Her spouse works as a butcher within their local community.
Elvira works hard to get ahead in life. She wakes up early in the morning to prepare fresh cuts of meat to sell. She would like to increase the kilograms she sells due to the many customers who go to her butcher shop. For this reason, she needs more capital in order to supply all her customers. In regard to this matter, she is asking for a loan of PHP25,000 which will allow her to buy more hogs. She knows that this loan amount would really have a great impact on the smooth flow 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.