Mary Ann is a 41-year-old, hard-working woman who is married to a farmer named Romeo. They are blessed with two children in elementary school. Mary Ann manages general store in their village, and the income she earns is used for her family's basic needs.
She is requesting a loan of 30,000 PHP so she can stock more products such as canned goods, soft drinks, hot dogs, snack food, biscuits, bread and noodles at one time. This will save on transportation costs and enable her to be more able to meet her customers' need. She also will be able to save some money for the next level of her children's education. She just hopes that her loan will be approved.
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.