Marites engages in the selling of bottled drinks, curls and candies. At night she sells “balut” for additional income. Marites' husband is a farmer. They are blessed with three children who are studying.
Marites wishes to sell street food, but she doesn’t have enough capital to start. Marites decided to take a loan of 20,000 PHP to buy balut and drinks to sell. She believes she will earn higher income and fulfill her wish.
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.