As a responsible mother, Merlinda engages in the buying and selling of fruits and vegetables to help her husband in supporting their family needs. She is now 53 years old and has six grown-up children. They are aiming to improve their status of living in order to prepare for a better future for their children.
Despite financial difficulty, Merlinda has the determination to improve and strengthen the business to generate sufficient income. To improve the business, she is asking for additional capital of P30,000 to buy more stock of mustard, ampalaya leaves, onions, beans, cabbages, garlic and tomatoes to sell. She is hoping that the business will grow and become more profitable 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.