Magielyn is a vegetable vendor, selling her own harvested vegetables in her village. She wants to increase her merchandise and would like to borrow 15,000 Philippine pesos (PHP). With the loan she can start to buy more vegetables that she can sell not only in her village but also in the market for a bigger income. She is hoping that lenders will grant her request for her business to become sustainable. Magielyn lives peacefully in her village of Capellan, in the province of Isabela, together with her husband who patiently works as a farmer. They have five children, two of whom are still studying.
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.