Maricel is 30 years old and is married. She is from the village of Del Pilar, and she has been engaged in buying and selling medicines in the local community. She has been in this business for six months. Maricel wants to expand her business and she wants also to have her own stall.
In this regard, Maricel is requesting a loan of PHP 20,000 to buy more medicines to sell. She is hoping that her business will further grow to secure her family's standard of living.
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.