Elizabeth is 52 years old, married and has two grown-up children. She has a small junkshop to buy and sell junk products for profit. She gains about PHP 4,000 each month and uses this as revolving capital for the business and to provide daily meals for her family. She is now asking for PHP 5,000 to add to her capital to buy more bottles, empty cans and plastics to resell. Elizabeth hopes to have a more profitable business and achieve financial stability someday.
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.