Erlinda is 60 years old, married, and has three adult-age children. Despite the hardship of living, she aspires to become successful someday. She is engaged in selling snacks in the local community to supplement her husband's income. She aims to improve the business and increase her income in order to satisfy their basic needs and save some for future emergencies.
In this regard, she plans to continue to strengthen the business in order to increase her income. Due to insufficient capital, she is asking for an additional PHP15,000 to buy more stock of corn, buko (coconut) pie and buko juice (coconut juice) to sell. Through this loan, she believes that she will go on to improve the business and make it more profitable.
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.