Marilyn is a mother of three children. She is 32 years old and has been operating her business for ten years. She was not able to get a good job because she has little education. That is why she runs a fruit and vegetable business.
She needs to earn more money to provide a good education for her children. However, Marilyn has insufficient funds to purchase the produce that is now in heavy demand and very profitable. This led her to request a loan of PHP 35,000 to purchase dragon fruit, chico, cabbage and pechay. These additional items would help increase her sales so she can save for the good future of her three children.
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.