Myla is 30 years old, married and has one infant child. Her and her spouse manage a small water refilling service, which they have operated for over five years. She is now asking for a loan of 10,000 PHP to buy gallons, and to help with maintenance of the water refilling business. She hopes that the business will help her earn money for school expenses and make the family financially stable.
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.