Marissa is 39 years old and married with two children. She has had a general store in the village of Maligaya for more than six years. This is her way in helping her husband as well as improving their living situation. To earn a higher income, she is asking for a loan of 12,000 PHP for additional working capital. This will be used to purchase condiments, daily use products, assorted breads, and soft drinks, in addition to products she already offers. Hopefully, she will be able to improve their lifestyle, which is a goal other people are also aiming for. She prays for the growth of her business and hopes to be financially stable in the future.
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.