Milagros is already 47 years old. She is married, and the mother of three school-aged children. Her husband, whose name is Marcelo, works as a farmer. Living together as one family in their village of Mabini is a treasure for Milagros.
She manages a general store business to supplement her husband's income from farming. In six years in doing the business, she has observed an average income of PHP 7,000 each month.
Her dream to further grow the business for bigger sales has pushed her to borrow a loan that will be used to buy a stock of merchandise like canned goods, soft drinks, noodles, and many other things.
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.