Elena is a 48-year-old woman who is confident she can lift her family out of their poor living conditions. She did not graduate from college but she promised herself that she would provide a better living for her family. There are many businesses that she has been involved in, but her bag-selling business has worked the best.
She has been this business for over two years. She wants to improve and boost-up her income from day-to-day operational sales. This led her to request a loan of PHP 40,000 to purchase more bags to sell. She hopes to obtain her requested loan to further improve and increase her income.
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.