Editha is 58 years old, married and blessed with three children. She manages a vegetable-vending business where she sells onion, garlic, and ginger at the public market of Cauayan city. With this business she's earning a net income of PHP 10,000 a month.
She would like to avail herself of a loan amounting to PHP 40,000 to purchase 1,000 kilos of onions, 7 kilos of garlic, and 150 kilos of ginger. She's hoping that her requested loan will be granted so that her business will become profitable.
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.