Marilyn is 59 years old and married to a farmer. The couple is blessed with three children. To help her husband supplement the needs of her family, Marilyn engages in managing a sari-sari (variety) store. She has been in the business for 20 years now.
Through the business she is generating a net income of PHP500 daily which is essential in supporting their daily food intake. As part of her business development, Marilyn wants to avail herself of a loan amounting to PHP18,000 to purchase additional commodities such as canned goods, breads, and beverages. She is hoping that her requested loan will be granted so that she can utilize it immediately in her store.
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.