Myra is 32 years old, married and has three children. Two are attending elementary school. To supplement her spouse's income which is derived from selling hogs, she sells "ukay-ukay" (used clothing) and earns about 15,000 PHP in income monthly. Aside from selling clothes she also buys and sells longganisa (cured pork) to get additional income. She keeps on diversifying her business to gain more profits.
Myra joined ASKI and is now asking for a loan of 20,000 PHP to buy more used clothing, shoes and bags to sell. This will help increase sales capacity and profits as well.
Some day, Myra hopes to keep offering good products and services to ensure loyalty from her customers. She will save her revenue to use for the schooling 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.