Lee Marvin is 26 years old, married and has one infant-aged child. He aims to become financially stable to give his family a better life. Farming is the main source of their living, but due to insufficient income, Lee Marvin runs a small variety store in the village to generate additional income. He plans to increase his product offerings to satisfy his customers' demand but due to inadequate capital needs a loan to do so. He is asking for an additional PHP 18,000 to buy more stock of shampoos, soaps, soft drinks, canned goods, snack foods, beverages and seasonings to sell. He believes that this loan will make it possible to improve the business and hopes that he will be successful in the future.
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.