Mayflores is 35 years old and married. She is wishing for a child to care for but for now they have not been given one.
In order to meet her husband’s needs as well as day-to-day needs, Mayflores set up a retail store and has generated good profits for eight years now. The profits usually go towards meals and bills at home.
Mayflores would like to sell more products, so she has planned to avail a loan amounting to 25,000 PHP. She will utilize her loan to buy more grocery items such as spices, soft drinks, eggs and breads to sell. These items will help increase her sales and keep improving her profits. In the future, she hopes to continue growing her source of income for the betterment of her and her husband's living conditions.
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.