Marceli Rose is 39 years old and has three school-age children. She aims to improve her variety store and increase her income to satisfy the family's necessities and finance the education of her children. She has been operating the business for almost two years. She plans to acquire more stocks of grocery items to sell but she does not have enough capital.
She is asking for 10,000 PHP to buy additional stock of canned goods, beverages, seasonings, snack foods, detergent soaps and soft drinks to sell. She is hoping that someday, she will improve the business and make it more profitable.
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.