Marissa’s source of income comes from her husband's transportation business. He has been engaged in this activity for almost five years and operates from 6 am to 5 pm to supplement his usual income. Now that their tricycle is deteriorating, Marissa is seeking financial help in the amount of 10,000 PHP to buy three tires, oil, and tricycle repairs. This loan is the only way of providing financial help to her husband. The couple continues to help each other in order to continuously generate income for the educational purposes of her seven children.
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.