Merly is 41 years old and is married with five children. She has a sari-sari (convenience) store business where sells biscuits, soy sauce, breads and a variety of other items. She is requesting a loan 8,000 PHP to buy more items to sell such as canned goods, noodles, vinegar and spices. She hopes to earn more and be able to save and sustain her children's education.
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.