Maribel is 37 years old and lives in Lasam. She runs a little shop, where she repairs watches and other gadgets that she knows how to construct. Maribel started this business in 1990 and it serves as her source of funds for educating her six children.
Now she needs some funds to buy repair materials, watch batteries, as well as new watches to sell in her shop. This will allow her to increase sales and get more income. A loan of PHP 10,000 will be a great help to her. She hopes to avail of the said amount to increase her income.
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.