Merly, 46 years old, is married to a truck driver. To make a living she has managed a vegetable production business in their town for almost one year. In this business she's earning a net income of 3,000 PHP a month. She would like to avail a loan in the amount of 15,000 PHP to purchase fertilizers and seedlings for her vegetable production business. She's hoping that her requested loan will be granted so that she can utilize her loan in her business to gain more income.
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.