Mhaye is 56 years old, married, and she has children. Her husband is a merchant and farmer.
Mhaye is taking out a loan for her business. They have a grocery store; they sell all types of basic necessity products. She must travel there every day from her house in order to sell her products. Her husband grows rice and corn throughout the year. They strive to provide the best for their children’s well-being in an honest manner. This loan will be used to restock her store with more products. She will buy provisions, as well as compost for their crops.
Her dreams include having a shop of her own.
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.