Myrna Guitang is from the village of Villa Luna, Cauayan City, Isabela. She is 55 years old, and married with 13 children. To make a living, Myrna raises hogs and operates a food production business. She has been engaged in her business for more than 25 years and earns approximately 2,000 PHP daily.
Myrna is requesting a loan to 6,000 PHP which will be used to purchase feed for her pigs and additional stocks of Ilocos vinegar, bananas and blankets to sell in the community. She plans to use the additional revenue generated from the business to sustain their daily needs.
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.