Mary Ann is 40 years old, married and has two school-age children. She owns and manages a variety store while her husband cultivates their farmland. They aim to increase their income to cover their necessities and to continue sending their children to school so that they will earn a degree and become professionals someday. To increase their income, Mary Ann plans to improve her variety store by increasing her product offerings to satisfy her customers' demand. Due to inadequate capital, Mary Ann is asking for a loan of PHP 40,000 to buy additional soft drinks, grocery items, feed, rice, kitchen wares, frozen foods, cosmetics and school supplies to sell. Through patience and hard work, she believes that she will improve the business 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.