Margilita, 52, is from the village of Manaring in Isabela Province. She is married and has grown-up children. To make a living, Margilita operates her own manufacturing business, manufacturing and selling charcoal to local businesses and community members. Margilita has been engaged in her business for over 4 years and earns approximately 5000 PHP a month. The 7,000 PHP loan that she is requesting now will be used to purchase raw materials to manufacture additional products. It will be Margilita's first loan from ASKI. She plans to use the additional revenue to further improve and expand her 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.