Nymfa is from the village of Guam. She generates income through her sari-sari (convenience) store business. She is 23 years old and married, and she has two children. She has been running her sari-sari store for four years and earns about a minimum of PHP 250 a day.
At this time, Nymfa is asking for a loan of PHP 25,000. She will use the loan to buy grocery items to resell at her store, such as canned goods, noodles, assorted breads, biscuits and other kitchen ingredients. She believes that through her loan, she will be able to sell more grocery items. She hopes that she will increase her income, to meet the needs of her family.
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.