Maricel is 31 years old and single. Due to lack of job opportunities, she put-up a small eatery within her community to generate income. She aims to strengthen her business and make it profitable in order to help her parents in gaining income and support the education of her younger brother and sister. She plans to prepare a greater variety of recipes to sell, but she doesn't have enough capital. For this reason, she wants to avail a loan of PHP 25,000.00 to buy rice, meat, vegetables, fish, seasoning, soft drinks and more grocery items to be cooked and sold in her eatery. She is hoping that someday, she will make her business more profitable.
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.