Merlita is married with four children who are adults. Using their own motorcycle, her husband generates income by offering a transportation service. They live happily in the village of Nagrumbuan.
Merlita, on the other hand, manages her own general store where she is already using PHP 20,000 of revolving capital. Aside from this, she also sells fish around their village in the afternoon. She has been doing this type of selling for six years now and is used to earning a total of PHP 8,000 each month from her selling business. This has been invested towards the improvement of her current enterprise.
Now, Merlita is requesting to borrow PHP 30,000 to buy sacks of charcoal, bundles of firewood, a gallon of gasoline, more cases of soda and alcohol as new product offerings to sell in her store.
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.