Erlinda is married and has two children. She is a hard-working woman who has been managing her business, selling cell phone accessories and motor parts. Together with her husband, she is working for the family's welfare. They want to earn enough income to secure their future. For this reason, she is asking for a loan of PHP 20,000. She will use it to buy a variety of cell phone accessories as well as motor parts. Hopefully, with hard work the new inventory will produce good income.
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.