Marilou is 53 years old – a very industrious mom and wife. With her strategic mind and good budgeting style, she is able to send her five children to school. The only business she has is selling snacks in the school canteen, but she has promoted her children’s educational needs. As she says, the income she generates from her business is carefully utilized in order to continue to prosper.
Now, to develop more income, she is borrowing 20,000 Philippine pesos to buy snack foods, noodles, soft drinks and other basic materials for cooking sweets such as sugar and milk. She hopes that she can get the amount she requested to further develop her 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.