Elvie is 35 years old, married, and blessed with three children. She is a banana vendor and has been in operation for almost 2 years. With this, she's earning a net income of PHP 2,000 a week. Due to insufficient capital, Elvie decided to avail a loan amounting to PHP 12,000 to purchase more bananas to sell. She hopes that her business will improve so she can earn more profit.
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.