Marcelina's priority is to educate her two children left to her. She is married and has five children, but three of them have settled in marriage and have their own families.
Marcelina runs her general store within the village of Villa Cruz, San Mateo. She has been in this kind of business for more than five years and she earns approximately PHP 2,000 a month, some are credit. She aims to increase her sales in order to support her children's education but her income is not sufficient due to their increased household expenditures, daily allowances and other expenses for school. To solve this situation, she is requesting a loan of PHP 25,000, which will be use to buy more merchandise to re-stock her general store. She believes that through this loan amount, she can let her children finish their degree courses and sustain their daily basic commodities.
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.