Eliza works hard in order to earn a living. She is 33 years of age, married to a welder and blessed with five children. Currently, four of her children go to school, while her youngest child is still an infant.
Eliza described herself as a friendly, humble and industrious woman. She really aspires to become a successful entrepreneur someday. So, she patiently runs her variety store in order to attain her goals for her business and her family.
Eliza would like to increase the volume of merchandise she offers to her local community, but her capital is not enough. In connection with this, she requests a loan of 20,000 PHP (Philippines pesos), which allows her to buy grocery items such as cooking oil, canned goods, instant noodles, shampoo, soft drinks and some frozen foods. She believes that through her patience and re-stocking her variety store, she will be able to earn better income, which will serve her family's daily consumption and the education of her four children.
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.