Reymalyn is from the village of Paddaya. She is 29 years old. She works hard to provide for her children's needs. She owns and operates a general store. The main source of her income is this business so she cares a lot for it. She has been engaged in her business for more than four years and earns approximately PHP 300 a day from it.
Now, Reymalyn is requesting a loan of 15,000 PHP, which will be used to purchase candies, spices, noodles, sugar and coffee. She hopes that she will be able to earn a higher income and increase her capital. She aims to use the additional income generated from the business to improve their living situation and save for the education of her children.
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.