Meriam’s store has been a big help for her family, as every week she can earn an income of at least 2,000 PHP. Meriam budgets that income to support her children's education and for their daily needs.
To further sustain her business, Meriam is requesting a loan of 20,000 PHP to buy more stock such as soft drinks, spices, beverages, noodles, and biscuits to sell in her store. The loan amount will make her store profitable and hopefully enable her to convert it into a bigger store. In this way, she can provide for the immediate needs of the people in the community and make it more convenient for them, because they will not have to go to the market just to acquire their basic requirements.
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.