Marilou is a hardworking mother of four who owns a sari-sari (general) store. She has run the store for a period of three years. She started this enterprise to earn a profit for the development of her family's standard of living. Since then, she has aimed for a good life so she built her store. But inadequate capital is the serious factor for the business. Now, Marilou is requesting a loan of PHP 6,000 to buy noodles, oil, salt, vinegar, and bread. In the future, Marilou hopes for an easy living.
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.