Marilyn, 46 years old, is married to a farmer and blessed with four children. She owns and manages a vegetable-vending business at the public market. In this business, she earns a net income of PHP 2,000 per day. She decided to take out a loan of PHP 50,000 to buy tomatoes, cabbages, carrots and squash to sell. She's hoping that her business will become more profitable and improve enough to increase her income.
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.