Running a small store is the business of Marilou that she relies on for income for the daily allowance of her child. She started to operate her store eight years ago. Now, Marilou is asking for a loan of P7,000 to stock up on more grocery items for her store. This will help increase sales capacity and boost her profits, too. She will buy canned goods, soft drinks, bread and eggs to sell. She promises to pay back her loan in full. Someday, she hopes to make the business profitable for the overall welfare of the family.
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.