Marilyn is 48 years old. She is married and has five children. She owns a store and sells grocery items to the people in her village. She has been in business for three years now. She usually earns about 5,000 PHP each month that she spends on meals and school allowance. She is now asking for a loan of 7,000 PHP in order to buy sardines, eggs, noodles and soap to sell in her store.
Marilyn hopes to continue improving her sales so that she can educate her children.
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.