Marilyn lives with her husband and four children. Two are working abroad; one is married; and one is still studying. She is hard working and always maintains a good attitude while doing her daily routine. Her husband is a driver of a tanker and a mechanic. Gained income from her business goes to their daily commodities and the education of her youngest child.
Marilyn manages a school canteen wherein she offers different kinds of groceries and some native cakes. She has been doing this kind of business for one year. Marilyn would like to purchase more stocks of snack foods, soft drinks, instant cup noodles, candies and glutinous rice for her food stall business. For these reason, she is requesting additional capital of 10,000 PHP (Philippines pesos). She hopes to get this amount of loan so she could improve her sales and profit, which will serve to let her youngest child finish her studies and secure the future of her family.
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.