Merlie has been involved in a motorcycle transport services business for almost eight years. Her spouse is the driver of their own motorcycle, and each month he earns approximately P7,200. According to her, the profits generated from the transportation business is not enough to cover all of their daily expenses due to the high cost of basic commodities, school fees for their child and daily maintenance of their livestock business.
In this situation, she is in need of additional capital in the amount of P10,000. She will be using this loan amount for the repair and maintenance of her motorcycle to ensure the safety of the passengers and to purchase accessories for better service. Merlie is hoping that she can earn greater profits to further save some amount for the bright future of her only child and to improve their way of living.
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.