Elsa works hard selling plastic wares to the people in her village in order to sustain her family's needs. She is 41 years old, married, and has three children. Her spouse is her partner in the business. They offer plastic products on a house-to-house basis. She usually earns approximately 8,000 PHP each month, which goes to the family's meals and school expenses. She would like to sell more products to increase her income. Therefore, she is asking for a loan of 14,000 PHP to buy basins, hangers, and pails to sell.
Elsa would like to keep the business profitable to save funds for emergency purposes. It will also help sustain her children's school fees.
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.