Due to the growing needs of her family, Erlinda engages in buying and selling of vegetables in her village to help her husband in generating income. She is 55 years old and has five adult-aged children. Being a responsible parent, she aims to improve their status of living to give their children a better life.
In this regard, Erlinda planned to continue and improve her business to earn sufficient income. She is asking for additional capital of 12,000 PHP (Philippines pesos) from Kiva lenders to buy additional stock of vegetables like eggplant, bitter melon, squash, okra, camote tops and beans to sell. With the loan, she is very positive that she can provide for the demand of her valued customers, which will result in a higher 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.