Maylene is 24 years of age, married, and blessed with two children. She has had a retail store for almost one year. Her monthly net income is 7,000 PHP and she has also a livestock business wherein she raises some hogs to earn more income. She's asking for a loan of 15,000 PHP to purchase additional canned goods, noodles and soft drinks to sell. She felt glad that her business income now is enough to support her family's daily needs. She would like to continue availing loans and hopes that Kiva lenders will extend their assistance to her in the future and she hopes that her income will gain continuously.
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.