Marissa, who is 41 years old, is married to a farmer and they are blessed with two children. She has sold a variety of grocery items in her store for almost 10 years and earns a net income of PHP 700 per day. Her profits are usually spent on their electric bill, food costs and school fees for their children.
Due to a lack of capital, Marissa would like to request a loan to those generous lenders amounting to PHP 30,000 to purchase bread, beverages, food spices, noodles, canned goods and coffee to sell in her store. She's hoping that her requested loan will be granted so that she can improve and expand her business.
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.