Marilyn is aiming to earn a better income and improve her way of living. She is engaged in a retail store business and at the same time she offers street foods in her locality. According to her, she has managed her retail store for six months.
She is 40 years old, married and blessed with six children. Four of her children attend school while another one is a farmer and her youngest child is still infant-aged.
Marilyn would like to take out a loan of PHP 8,000 which will be used to buy stocks of groceries and to invest in a clothing business. She hopes that with this loan she can expand her retail store and someday improve her financial stability.
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.