Due to lack of job opportunities, Marites decided to engage in buying and selling of frozen foods to supplement her husband's income. She is 38 years old and has four school-age children. Due to high cost of school fees and transportation, she needs to increase her income to support the education of her children. She wants them to become professionals in the future. In this regard, Marites aims to improve her business to generate sufficient income. But due to insufficient capital, she is requesting an additional 20,000 Philippines pesos (PHP) to buy more stocks of tocino (sweetened cured pork), ham, longanisa (pork sausage), and hot dogs for sale. Through hard patience and hard work, she believes that she will improve the business and increase her income. In the future, she is hoping that all her children will become professionals.
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.