Editha is 30 years old, married, and has three infant-age children. They are raising their family in a rural community, planting and harvesting vegetables and root crops for sale. While she takes care of her kids, Editha runs a small variety store in their village to generate additional income. They aimed to improve their standard of living so that they can educate their children and give them a better life. She plans to improve her variety store to increase her income.
Due to insufficient capital, she is asking for an additional loan of P20,000 to buy grocery items, frozen foods, vegetables and rice for resale. She mentioned that this loan will help her to make an improvement in the business. She hopes that someday they will become 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.