Maribelle aims to become successful and financially stable to give her family a better life. She is 42 years old, married, and has three school-aged children. As a way of gaining income, she is engaged in selling motorcycle parts while her husband manages their farmland. They planned to improve their business and educate their children so that they will have a bright future someday. To improve the business, Maribelle is asking for additional capital of P20,000.00 to buy more stock of motorcycle parts like tires, sprockets, bearings, tubes, spark plugs, brake shoes and connecting rods to sell. She believes that through this financial assistance, she will make an improvement in the business as she continues to work and strive for it.
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.