Edna is 56 years of age. She is married to Teofilo who is a utility worker in a private hospital in Tuguegarao City.
Edna is involved in providing sewing services to the people in her village. Instead of staying in the house and just doing household chores, she sews school and office uniforms, tablecloths, pillow cases and curtains. She has been in the business for more than 10 years.
Early in the morning, she also buys and sells "yakult" (a pro-biotic milk drink made by fermenting skim milk powder, water and sugar with a strain of good bacteria) in her neighborhood. She usually earns about P10,000 each month doing these activities. Income generated from the business goes to the children's education and the family's daily consumption.
Edna is now requesting a loan of P15,000 to buy fabrics, thread and needles used in sewing. She hopes to grow her business with the help of this loan. Edna believes that being flexible and creative in her business will help her improve her services and generate more income and soon will make her financially stable.
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.