Melinda is 25 years old, married and has one school-age child. She and her husband are both farmers residing in a rural community. Despite the hardships of living, they have the determination to uplift their status of living. Aside from farming, Melinda runs a small variety store in her village to generate additional income. She aims to improve and strengthen the business to make it profitable. Lack of capital motivates her to borrow a loan of PHP 7,000 from KIVA lenders through ASKI. This will be used to buy soft drinks, noodles, canned goods, sugar, detergent soaps, snack foods, beverages and seasonings to sell. She is hoping that someday her business will grow.
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.