Marilou is a 41-year-old mother who runs a small variety store in order to supplement her husband's income. She aims to make the business profitable in order to continue sending her three children to school. She planned to acquire different household commodities to sell, but she does not have enough capital.
For this reason, she is asking for an additional PHP 7,000 to buy more stocks of snack foods, beverages, seasonings, canned goods, noodles, rice and soft drinks to sell. Despite problems and difficulties in life, she has a strong determination to improve her business.
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.