Mylin is a 29-year-old married woman with two school-aged children. She has a business which retails mobile phones. Mylin has been in this business for seven years and earns a monthly income of PHP 13,000. She plans to use the entire loan she has requested to increase her inventory of mobile phone accessories such as cases and phone handles. With the profits, she will buy a plot of land. In the future, she wants to build her own store.
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.