Marites patiently performs her business daily in order to generate income for her family. She buys used bottles, scrap papers and other junk materials that she might get earnings from. She has been in this business for 15 years.
Marites is 41 years old, married and blessed with five children. Marites' husband is her partner in growing their business. Her husband is the one who drives their tricycle when buying junk materials. With her earnings from the business, Marites is able to provide her children allowances in school. In this regard, she is asking for a loan of 50,000 PHP to buy more junk materials from her customers and sell to junk shop. Marites wishes to maintain the business until her children finish their education.
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.