Marlyn dreams that someday, she will become financially stable and her children will have a bright future. She is 33 years old and has three school-age children. Despite being a widowed, she has the strong determination to uplift their status of living. She runs a small variety store in their community to generate income. She aims to improve and strengthen her business to earn a higher income. Due to inadequate capital, she is asking for an additional P10,000 to buy canned goods, breads, snack foods, noodles, soaps, candies, beverages and soft drinks for sale. She is hoping that this financial assistance will help her to make more improvements in the business.
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.