Edna is a business-oriented mother who generates income from her talipapa (vegetable stall). Aside from selling vegetables and rice, she also cooks snacks and daily meals. She usually earns 700 PHP each day in her talipapa and 300 PHP from cooking and selling snacks and meals. She has been able to manage her business well and keep diversifying it to receive additional income. She is now asking for a loan of 30,000 PHP to buy vegetables, rice, and meat to sell.
In the future, Edna would like to keep earning a good profit so that she can attain financial stability. She is 52 years old, married, and has three children.
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.