Erlinda is 52 years old, married, and has 13 children. Three are still in elementary education. She buys and sells fish on a house-to-house basis.
She is now asking for a loan of PHP 7,000 to buy more fish (e.g., catfish, milkfish) to sell. She hopes to acquire more profits for her business to sustain her children's education needs. She hopes to keep improving her sales, to earn more funds, to save for family's future expenses.
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.