Marivic is 38 years old, married and has five children, four of whom attend school. To earn an income, she cooks and sells food for snacks and daily meals. Aside from the food vending business, she also offers rooms for rent for students. Marivic and her spouse work untiringly in order to earn income for the family. Marivic is now borrowing a PHP 30,000 to buy meat and vegetables to cook and sell, and to maintain her rental space. With this additional capital, she will improve her rental services and also offer more delicious foods and earn good profits. The additional revenue that is generated will be used for her children's education. Someday, this will lead them to a better standard of living.
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.