Marichel is 32 years old and married. She was gifted with only one child and they live happily in a rural community. Together with her husband, they aim to improve their status of living in order to give their child a better life. With this regard, Marichel wants to improve her small retail store to generate a higher income. Having insufficient capital, she is requesting for a loan of PHP16,000.00 to purchase more stocks of soft drinks, snack foods, laundry soaps, canned goods, noodles, beverages and seasonings to sell. She is hoping that she will avail her loan request to be able for her to improve the 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.