Marife has been operating her general store for over 20 years.She is married and blessed with three grown-up children. She and her husband both work hard in order to generate income to live on.
With her goal of increasing her income, she is asking for a loan of PHP 28,000 which will allow her to purchase grocery items such as soft drinks, canned goods, and biscuits. She knows that having this additional capital will enable her to strengthen her general store, satisfy her customers' demands, and obtain a better income, which will be used for daily consumption and saving for emergency purposes.
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.