Marites is involved in selling fish and shrimp in her village. She patiently carries out this activity because her family is relying on her.
Now, she wants to increase her profit by having more goods to offer for sale. However, she has insufficient funds to purchase all she needs. For this reason, Marites is asking for a loan of PHP 6,000 to buy more fish and shrimps.
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.