Marilou is 53 years old, married and was blessed with eight children. She and her family live in a rural community and make a living in farming.
Due to financial constraints and to generate additional income, Marilou runs a small general store in her village. She would like to buy more grocery items to sell but she has insufficient capital. In this regard, she is asking for a loan of PHP 10,000 to stock up on soft drinks, canned goods, beverages, seasonings, snack foods, noodles, laundry soaps and dried fish for resale.
She believes this loan will help her improve her business and hopes that she can make it more profitable in the future.
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.