Maribel is 46 years old, married, and has three children. She runs a home-based variety store and carinderia (food kiosk). She has had this kind of business for 24 years, and earns about PHP 7,000 a month. She uses her income to pay for her family’s household expenditures, daily allowances and school fees of her youngest child. She wants to have more stock of groceries such as canned goods,assorted biscuits,soft drinks and some detergent soap to sell within her local community. With her determination to improve her variety store,she is seeking for additional working capital in the amount of PHP 20,000. She hopes to make her business more productive so that her expectations and dreams will be fulfilled 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.