Maribel is 42 years old and lives in Quirino Cordon. She is married and has three children.
Maribel has been operating her general store for almost 15 years. From the business she manages, she is able to earn about P18,000 a month because her store is near a highway where sometimes passenger buses and vans stop. She sells products such as bottled mineral water, soft drinks, snack foods, and biscuits. With the profits from selling her products, she is able to cover all her household expenses.
In order to continue improving her business, she is applying for a loan of P35,000 to buy more merchandise such as soft drinks, bottled mineral water, assorted biscuits, and snack foods for her general store. Her only wish is for her business to grow and to have an inventory of products to offer to her customers. She is hoping that she could save some funds to support her children in their studies until they finish their college-level education. According to her, she could make all these things a reality through her patience and hard work in maintaining her business.
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.