Due to financial insufficiency, Myrna engages in buying and selling fruits in the village to supplement her husband's income. She is 41 years old and gifted with two siblings. She aimed to strengthen the business and generate sufficient income to support the education of her children and save for their future. She is asking for additional capital of PHP 10,000 to improve the business. She intends to spend the loan to buy additional stocks of fruits like pineapples, papaya, bananas, mangoes and watermelon to sell. Despite hardships and problems in life, she has the determination to improve the business, hoping that she will become successful in the future.
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.