Mildred is from the village of Lallo. She is a 37-year-old who works hard to provide for her three children's needs. She owns and operates a general store. The main source of her income is from her business so she wants to maintain a good flow of it. She has been engaged in the business for over 10 years and earns approximately PHP 500 a day from it. She aspires for more.
Now, she is requesting a loan of PHP 28,000 which will be used to purchase beverages, soap, candies, spices, noodles, sugar and canned goods. She hopes that she can earn a higher income as she increases her capital. She aims to use the additional income generated from the business to improve their living situation and save for the education of her children.
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.