Marcelina is 60 years of age, married, and has six children. Four of her children are married, one is an Overseas Filipino Worker, and the youngest is a labourer in their village.
Marcelina is engaged in a direct selling business, particularly AVON and cosmetic sales. She has operated this business since 2000. With her patience and hard work, she is able to sustain the family's needs and supply all the farm supplies needed for her farming business. Marcelina's profits are used to cover their household expenses and to improve her rice-farming business.
Marcelina aims to increase the volume of cosmetic products she offers so that she can improve her financial stability. She is asking for financial support amounting to a loan of 12,000 PHP. She believes that this amount would be very useful for buying more stocks of cosmetic products and for the start-up of her variety store. She is hoping for approval of her requested loan amount.
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.