Marilou is 51 years old, married and has four adult children. She owns and manages a tailoring business making and selling curtains, bedsheets and pillowcases in her village. She has been operating this business for almost nine years now. Due to the high cost of commodities and school fees, she is aiming to improve the business to earn a higher income to support her children's education.
She wants to ask for an additional capital of P40,000 to buy the needed materials like fabrics, needles, threads and buttons for her tailoring business. She believes that she can able to improve the business and increase her income as she continues to work and manage 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.