Marfina is happy for the life that she has. She is married and owns a sari-sari store. According to her, the only business she had before this was a farm which was not enough to meet the basic necessities of her family and send her three children to school. With her situation, Marfina did not stop believing that someday she would be able to overcome these trials.
Marfina is grateful because her three children finished their college education and have degrees. All of them are now working abroad in accordance with their own profession. Marfina admits that she receives remittances from her children but she doesn’t want to rely on them. Instead, she wants to have her own source of income for which she can gain profit. Marfina requests a loan of PHP 17,000 to buy shampoo, toothpaste, conditioner and seasonings. She hopes that the amount she requests will be granted for her to earn profit to deal with emergencies that may arise in the family.
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.