Myrna owns a small retail store in the village where she lives. She is married to Tito, and they have one child who is in college. Myrna works all day in her store just to meet the demand of the customers who come into her store. She is able to earn 7,000 PHP each month from her business.
Now, she is looking to improve her sales. She would like to borrow a loan of 30,000 PHP to buy canned goods, soft drinks, milk, eggs, breads, and noodles to sell in her store.
She hopes to continue to acquire a good income from her business and, someday soon, to achieve financial stability. She also would like to keep providing friendly services to her customers.
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.