Marites, age 33, owns and operates a shoe repair business in her village to earn an income. She has been running this venture for almost 15 years and earns a net income of PhP 300 daily.
She and her husband, who is a farmer, have been blessed with two children.
Marites is requesting a loan in the amount of PhP 10,000, which she will use to purchase nylon, shoeshine paste, and other materials needed for her shoe repair business.
Her goal is to continuously develop her business, which will allow her to earn higher profits.
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.