Myrna is 32 years old and has two children. They live happily in a rural community where they can plant and harvest rice and vegetables for sale.
While doing the household chores, Myrna finds time to manage her variety store. She has been operating the business for almost five years and usually earns a profit of PHP 10,000 a month, which she uses for daily consumption and allowances of her children in school.
She aimed to increase her product offerings to satisfy her customers' demand. But because of insufficient capital, she is asking for a loan of PHP 30,000 to buy additional stocks of soft drinks, biscuits, junk foods, candies, noodles, eggs, meat, and vegetables for sale.
She believes that this loan will help a lot to improve the business and she hopes she will be successful in the future.
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.