Nymfa is 22 years old and married. She has two children. Nymfa owns a store where she sells cooking oil, rice, bananas, potatoes, spices and personal items. She has been running this retail shop for nearly a year.
Nymfa would like a loan of PHP 10,000 so she can buy a variety of goods to sell in her store. Her business has helped her to support her family. She would like to use the profits from this loan to reinvest in her business and also to create some savings for her family.
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.