Myrna is 56 years old, and is married with four children. She lives with her family in the village of Amistad. She is engaged in the poultry business; she raises chickens for sale. She has been in her business for twenty years and earns about PHP 150 per head. At this time, Myrna is asking for a loan in the amount of PHP 8,000 to buy chickens and feed for them. She hopes that she can get the amount she has requested to further develop her business.
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.