Edwardo is 58 years old and is single. He is engaged in a beauty salon business where he offers hair cutting, hair coloring and catering services. Edwardo has been in this business for 30 years. He learned this type of business when he worked as a beautician in one of the beauty salons in their market.
Edwardo needs additional capital to extend his services to his customers. He is asking for a loan of P25,000 to buy highlights, hair dye and other hair treatments to use in his business. He hopes to extend the services he offers to his customers to gain higher income and help his relatives financially.
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.