Marivic is 48 years old and is married to Rolando. The couple is thankful because they have been blessed with four children. They all live in the village of Sillawit. Marivic has a retail store based in their home. She has been doing this for three years and earns about PHP 300 a day. At this time, Marivic is asking for a loan in the amount of PHP 7,000 to buy canned goods, noodles, assorted bread, and condiments to sell. She would like to make the business more profitable in order to earn funds for the college education of her children. When they earn degrees, they will find good jobs for the welfare of their own lives someday.
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.