Melody is 27 years of age, married and blessed with two children. She operates a junk shop business in her village. She has been in this business for almost four years; through her income, she was able to purchase two motorcycles which she uses for daily routes in buying used bottles and metal scrap in different villages.
She dreams for continued growth of her business to gain a higher income and be able to sustain her children's needs in attaining a higher level of education. Hence, she is asking for a loan of 50,000 PHP (Philippines pesos) to buy used bottles, plastics and scrap metals in different villages. She's hoping that her business will continue to grow and earn 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.