Marilou is 42 years of age and is married. Her husband is a government employee in the Philippines. They are blessed with three children and all are going to school.
Marilou was a teacher of nursery students for three years. When she stopped teaching, she decided to put up a business. She started selling school supplies in the market. When she gets tired of traveling, because their house is too far from the market, she decided to start up a sari-sari store business in their village. She sells grocery items like eggs, canned goods, vinegar, powdered juice and lard. She is happy because she now has had 17 years in the business.
Marilou wishes to gain higher income from the business. She wants to extend the products she offers to her customers. Marilou is asking for a loan of PHP50,000 to buy additional groceries to sell like soap, shampoo, spices, beverages and toothpaste. She hopes to attain her wish and make it a reality.
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.