Myrna is a responsible wife and mother of three children. She is married to Mr. George, a farmer in the village of Namnama, Cabatuan. Myrna is the operator of a transport motorcycle, with a net profit of PHP 250 daily. She has had this business for over nine years. Myrna wants to repair her motorcycle, which is why she is requesting a loan of PHP 15,000 to buy spare parts such as wheels and paint and to pay for the maintenance of her motorcycle. She hopes that she can get the amount she requested to repair and improve her business and earn a higher income to support her family's needs.
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.