Monilyn is married to a farmer and they live happily in a rural community. She is 26 years old and has no children yet therefore, she took care one of her nephew. Together with her husband, she plans to earn and save more income to satisfy their necessities and to build their own house someday.
For this purpose, Monilyn aims to improve her small variety store to generate sufficient income. She is asking for an additional capital of P10,000 to improve the business. She intends to use the loan in buying more stocks of soft drinks, snack foods, rice, beverages, seasonings and farm inputs to sell. She hopes that someday, she will make the business more viable and profitable.
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.