Erlinda is a hard-working mother and of full of hope. She is married with two children. She is thankful because she has been running her retail store for four years.
Erlinda would like to increase the volume of grocery items she offers within her local community, but she doesn't have enough capital. She is asking for a loan of PHP25,000 to buy cases of soft drinks, canned goods, assorted biscuits and junk food for her retail store. She believes that with more grocery items she could earn a better profit, improve her financial stability and satisfy her customers' demand. Erlinda hopes for the approval of her requested loan.
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.