Marisel, 33 years of age, is married and blessed with two children. She has owned and managed a retail store in their village for almost 4 years. In this business she's earning a net income of about Php 300 daily. Due to a lack of capital she's requesting a loan amounting to Php 12,000 to purchase canned goods, breads, biscuits, cooking oil, sugar, coffee and beverages. She's hoping that her business will become more improved and profitable so that her income will increase.
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.