Marivic is 45 years old and married with one child. To make a living, Marivic has operated her general store for over four years. She earns about PHP 6,000 a month.
Marivic wants to expand her family business, that’s why she is taking out this loan amounting to PHP 20,000 to purchase additional stocks of groceries such as canned goods, shampoo, soap, school supplies, rice and feed to retail.
Marivic hopes to grow her general store to secure her family's future and aims to educate her child so that she will become a professional someday. Despite the hardships of life, Marivic is striving to earn and save for the familys security and comfort.
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.