Eliza is 31 years old, married and has three children. With her spouse, she manages a furniture-making business as their source of income. They also hire laborers who help them in the business. They make tables and chairs for sofas and kitchens. She wants to improve and make more furniture, which is why she is asking for a loan of PHP 40,000 to buy more wood to use in the furniture shop. It will help improve her sales and the income necessary to lift her family out of poverty.
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.