Linda is 57 years old and is a widow. For the last six years, she has built her own small eatery and playing station as a source of income. She earns about PHP 200-300 per day.
At present, Linda wants to borrow a loan amount of PHP 15,000 in order to purchase “pancit”, soy sauce, cooking oil, vegetables, candies and soft drinks. She hopes that she can get the amount she has requested for further development of her business.
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.