Marinel is single and has one kid. She is engaged in the business of sales. She has a stall in the market in which she sells cosmetics, clothes and accessories products. Marinel has been in this business for eight years. With her income from the business, she is able to satisfy the needs of her child.
Marinel wants to borrow a loan of PHP 15,000 to buy shoes, slippers and perfumes to sell. She believes that by borrowing this loan she will increase her sales and income as well. She will manage the business well to ensure its growth.
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.