Marcelina is a 59-years-old, married woman with two children. She has been managing her mini grocery for over twenty years. She sells a variety of goods in her store such as beverages, soft drinks, and noodles. She would like to increase the variety and stock of her goods in order to attract more consumers. She is requesting additional capital amounting to PHP 20,000 to purchase sugar, coffee, canned goods, biscuits, ice cream, chips and sweets. This amount would be useful in developing her business profit. She hopes that her wish loan will be approved.
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.