Melsie is a responsible mother of four. Melsie's husband Edmund earns an income through farming while she has a business selling seafood. She wants to offer a variety of seafoods for sale but is limited by a lack of working capital. For this reason, she is requesting a loan of PHP 8,000 to purchase fish and crabs to sell in her business. Melsie hopes that through her requested loan she will increase her sales to save for her children's education. In the future, Melsie hopes to send all her children to school so they can earn a degree and obtain a good job.
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.