Myrna is 40 years old and married to a farmer with four school-aged children. She has been managing a sari-sari store (a community-based store) for 15 years. She needs to have additional income to meet the demands of her customers. She has requested a loan of Php 9,000 to buy additional products to display at her store. She wishes that someday she can reconstruct her house into a better one to improve her living conditions.
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.