Edwin is 37 years old, married, and blessed with two children. He has owned and operated a retail store for almost eight years.
He would like a loan of 25,000 Philippines Pesos (PHP) to buy canned goods, beverages, noodles, cooking oil, and biscuits. His profits are usually all spent on his daily expenses. Edwin is hoping that the loan that he has requested will be granted to help him expand his retail store, and become 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.