Due to financial hardships, Edith aims to improve her small retail store to increase her income. She is 27 and still single. She plans to increase her product offerings and satisfy her customers' demand, but she has insufficient capital. For this reason, she is asking for a loan of 5,000 PHP to buy more inventory of soft drinks, snack foods, noodles, beverages, laundry soaps, and seasonings to sell. She is hoping that her loan will be granted to further improve her business.
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.