Marifel is from the village of Centro 1 in the town of Angadanan. Marifel is 28 years old and married with two children. To earn a living, Marifel is engaged in a sari-sari store. She has been in this business for five years and earns about a minimum of PHP 300 a day. Right now, Marifel is requesting a loan of PHP 25,000 to buy canned goods, noodles, biscuits, assorted bread and condiments to sell. Marifel hopes that she can obtain her requested amount to improve her business and receive a higher income.
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.