Mely is 62 years old. At her age, Mely still works in a retailing business to earn income. From this business, she is able to earn about 500 PHP (Philippines pesos) a day. She is grateful that her income allows her to help sustain the daily needs of her family. She dreams of lifting her family from poverty, which is why she works hard at her retailing business.
She is requesting a loan of PHP 28,000 to buy grocery items for her sari-sari store. Mely also hopes to grow her business to secure her family's living conditions.
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.