Maribel is from the village of Guam. She is 42 years old, married, and has three school-aged children. To make a living, Maribel owns and operates a furniture-making business. She has been engaged in her business for almost three years and earns approximately 4,500 PHP a month from these activities.
At this time, Maribel is requesting a loan of 15,000 PHP. She will use it to purchase raw materials for making additional furniture. She hopes to grow 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.