Despite financial difficulty, Marivic is aspiring to improve their status of living to give her family a better life. To earn a living, she runs a small variety store in their village selling different grocery items. She has been operating the business for almost two years and usually earns a profits of 6,000 PHP a month, which she usually spends for their daily consumption and to finance the school fees of their children.
She aimed to improve the business by increasing her product offerings, but due to inadequate capital, she is asking for an additional of 10,000 PHP to buy additional stock of canned goods, noodles, eggs, snack foods, biscuits, candies, beverages and seasonings for sale. She believes that this financial assistance will enable her to improve the business as she continues to work hard and strive harder.
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.