This loan will help Maricris to buy more merchandise to expand her store. Maricris began her own store in front of her house three years ago to gain financially and to sustain the needs of her family. She manages the store with the help of her husband, and she hopes to expand the business to a second location in the future. She needs a loan to increase inventory and update the equipment in her store.
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.