Marilyn is 47 years old, married, and has four children who attend school. She is married to a farmer. She sells rice to earn an income. She gains about PHP 500 for each sack of rice she sells. Marilyn would like to increase her sales as well as her income, but she has insufficient funds to do this. She is now asking for PHP 10,000 to buy rice to sell. She hopes to keep acquiring good income from her small business and pay for the school expenses of her children. She will be happy and proud to see them as professionals in their chosen careers 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.