Mila is 52 years old, married and has three children. Her youngest child still attends school. To earn income, for over 10 years Mila has been managing a store where she sells grocery items. She usually earns about 10,000 PHP each month and this money goes for meals and school expenses.
She would like to increase her sales capacity and keep earning a good income, so she is borrowing 30,000 PHP to buy eggs, noodles, bread, soft drinks and sardines to sell in her store.
Mila hopes to keep generating good sales and still extend her friendly ways to her customers. This will lead her to achieve financial stability someday.
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.