Merlina lives with her family in the village of Victoria. She is 50 years old and is married with two children.
To make a living, Merlina is engaged in a junk shop business. She usually buys and sells empty bottles, metal, iron and plastic. She has been in this business for twenty years and earns a maximum of PHP 2,000 a day.
In this business, Merlina needs additional capital. Therefore, she is asking for a loan in the amount of PHP 50,000 to buy more plastic, empty bottles and iron to resell to the traders.
In this way, she will improve their standard of living and save some money for emergency purposes.
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.