Myla is from the village of Alimanao. She is 30 years old, married, and has an infant. To make a living, Myla and her spouse manage a small water refilling service in their village. The couple obtains about PHP 5,000 monthly from their business.
She is now taking out a loan of PHP 30,000 to maintain and buy plastic gallons to use in their water refilling service. She would like to keep generating good profits from their business and save money for her child's education.
Myla's goal is not only to generate income from their business but to ensure the safeness of the water they distribute and maintain a good relationship with their 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.