Marilou is 52 years old and blessed with two children. She lives with her family in a village and generates her income through vegetable production and sales. She earns about PHP250 each week doing this type of business. She aims to earn more income to provide for her family's needs sufficiently and to save for the future of her children.
At this time, she has planted more vegetables expecting to increase her production next season, but due to inadequate capital, she is asking for a loan of PHP25,000 to buy seeds and fertilizers to sustain her vegetable production. She believes that the loan will help her increase her yield.
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.