Furniture making is a popular source of income in the village. Her husband used to work a local business making tables, chairs, cabinets and even sala set. This gave them the idea to open up their own furniture business. Because they lack financial capital to expand their business, Magielyn is seeking the assistance of KIVA lenders.
She is requesting a loan of PHP 20,000 for their business. Magielyn hopes to purchase more furniture materials and wood needed for the continuous operation of their 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.
ASKI’s motto is “Together, let’s make things happen!” Join ASKI's Kiva Lending Team or view its website.
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