Marilou is married and has one school-age child. To make a living, she owns and operates a furniture-making business. Most of her income comes from making and selling general household furniture to community members. Marilou has been engaged in her business for over two years.
Marilou joined ASKI (one of Kiva's field partners) to gain access to financial services that would give her the ability to engage in business activities and thereby improve her living situation. Marilou is requesting a loan that will be used to purchase materials needed for making additional furniture. She plans to use the revenue generated from this loan to further develop her business.
ASKI is one of the pioneer micro-finance institutions in the Philippines committed to serve the needy in Central and Northern Luzon through socio-economic development and holistic transformation.
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.