Melinda is now 30 years old. She is married and the mother of three children (one attends school, and two are younger). Her husband operates an installment motorcycle used in transport business daily around Cauayan City. They earned PHP 3,000 in the transport business, and it went towards the amortization of their motorcycle.
She is requesting a loan of PHP 5,000. She will buy general merchandise like canned goods, bottled, candies, seasonings, and more to start up a small store using this loan.
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.