Edna has run her fruit and vegetable stall for six years. According to her, she is able to earn about PHP 7,000 a month. She uses this income towards their household expenditures, children allowance and monthly payment for her stall. Aside from vending fruits and vegetables, she also raises two sow and ten hogs to be fattened.
Edna struggles with a shortage of capital due to the expensive cost of livestock supplies for her hogs. She is asking for financial assistance of PHP 13,000.This will be used in buying stocks of banana and different kinds of vegetables such as carrots, cabbage, potatoes and onions. She believes that her business growth relies on her wise management and perseverance.
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.