Marianeth is 32 years old. She is the operator of a motorcycle and has been in this occupation for three years, working hard just to provide financial services for her family. She is blessed with three children; two of them are students. She needs to work every day to meet their needs, especially for school. Even though she works every day, she still experiences shortages due to low income. Sometimes she can't work because of problems with the motorcycle. She requested a loan of 5,000 Philippine pesos to buy paint for motorcycle maintenance and also to pay for repairs. She wants to earn a higher income to improve their unprivileged lifestyle.
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.