Marcelina's business is direct-selling, and a retail store. She is 61 years old, yet she is a business-oriented woman. She has devoted 11 years of hard work and perseverance to her direct-selling business.
She is thankful because two of her children are already working, while the other four are married and have their own families.
Marcelina aspires to have a stable source of income, so she's doing her best to get ahead. She wants to increase the stock of cosmetic products and merchandise she offers within her village, but she struggles with a shortage of capital.
She is asking for a loan of PHP 20,000. She hopes this loan amount will enable her to make both her store and direct-selling business profitable someday.
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.