Editha is 33 years old. She lives simply with her husband Ernesto and three children. To make a living, Editha has owned and operated a retail business for six years. She usually sells personal products. This time, Editha wants to improve her business as well as their living situation. So, she is seeking additional capital of PHP 15,000 to purchase more clothes, shoes, cologne, lotion and cosmetic products to sell. She's hoping that her desired loan will be granted, so that she can further improve her retail 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.