Elisa is a 51-year-old who engages herself in cleaning bottles as a source of income. Their poor quality of life led her to become more hardworking. So, with her business, she patiently buys bottles, cleans and sells them. She has been doing this for two years and hopes to increase her income by asking for a loan of 9,000 Philippine pesos (PHP) to buy additional bottles to clean. She hopes to earn more for the betterment of their lives and also to save for their future.
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.