Marissa is a hard-working mother, who aims to become financially stable and to give her family a better future. She is now 48 years old and has two children. She owns and manages a general store to generate income, while her husband manages their rice farming business. She has operated this business for three years and usually earns a profit of PHP 300 a day, which she usually spends on their basic necessities.
Marissa planned to increase her product offerings to satisfy her customers' needs, but due to financial difficulty, she is asking for additional capital of PHP 20,000 to buy soft drinks, canned goods, sugar, oils, soaps, bread, shampoo and candies to sell in her store. She mentioned that this loan will help her to improve the business and make her dream come true.
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.