Edna is 55 years old, married to a government employee, and has four children. She owns and operates a retail store in their village, which she has been doing for almost six years. She earns a net income of 2,500 PHP a month.
Edna is requesting a loan for 30,000 PHP, which she will use to purchase beverages, canned goods, noodles, and breads. Her profit usually goes to their daily expenditures. With this loan, Edna would like to gain more income with her business.
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.