Ederlina has operated her store and eatery for 34 years. She is now 55 years of age, and married with three children. Her main goal is to increase the income she earns so she will not rely on her children's help when she gets weak.
At this time, only her youngest child attends school. In order to achieve her goals, she is asking for a loan of PHP 8,000, which allows her to buy grocery items and raw vegetables for her store and eatery business.
Ederlina believes that she can improve her financial stability through hard work and initiative in running her store and eatery.
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.