Marilou manages a vending business where she sells different vegetables, street foods, and canned goods from her vending stall just in front of their house. The business has been in operation for 20 years and she is proud that her long-term business venture has helped her family significantly.
She works hard to help her husband. She gets up in the early morning to prepare her store and goes to the market to buy products in bulk. She has gained a lot of clients and is earning a better profit. But Marilou still needs to save for the college education of her four children, and thus she feels the need to increase her daily income. She would like to take out a loan amounting to PHP 17,000. She hopes to further develop her business into a mini-grocery store someday.
Marilou believes that by working hard and having patience, she will maintain her business, which will enable her to achieve all her goals in life.
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.
ASKI’s motto is “Together, let’s make things happen!” Join ASKI's Kiva Lending Team or view its website.
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