Marcelina is a hard-working wife to her husband and a responsible mother to her four children. One of her children has settled for marriage, another one is an Overseas Filipino Worker (OFW), one is a farmer, and the youngest child is still studying. Marcelina is engaged in the tailoring business for three years.
Marcelina would like to request a loan of Php 5,000. This amount of loan will be used to buy stocks of garments and threads for her tailoring business. She knows that through this loan amount she could further increase her income and let her youngest child finish her studies. She hopes and prays that her requested loan amount will be granted so she can develop the pillow cases and curtains she sews and make her tailoring business more profitable.
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.