Marilou is a humble business owner in Gattaran, Cagayan. She is widowed and an industrious mother of two children. To help her children, she creates her own source of income. She only has a high school level of education but she has had the courage to pursue her dream business and to hold on to the dream of sending her children to school until they finish their college education. Now, her business has already been operating for five years and it has slowly been developing well.
Marilou is seeking additional working capital in order to make changes to her business. A loan of PHP 30,000 will be a great help to her. It will be used to purchase soft drinks, snacks, and school supplies such as notebooks and paper, since her business is located near a school. She hopes that generous people will help her to borrow the requested amount.
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.