Maribel is 34 years old, married and has three children. She manages a variety store selling beauty products, cellular phone accessories, school supplies and clothes. Her spouse is an Overseas Filipino Worker (OFW), and they need to work and earn for their children’s futures. Maribel wanted to expand her business which is why she is now asking for additional capital of 35,000 PHP to buy school supplies for the next school year such as bags, notebooks, umbrellas, and pens. She will also add clothes and slippers to sell. This will help increase her sales and gain additional profits. She hopes to keep selling affordable items and someday improve her stall by making it bigger in order to display more items in it.
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.