Marilou is asking for a loan of 15,000 Philippines pesos (PHP) to buy groceries like noodles, canned goods, coffee, sugar, creamer, detergent soap, and shampoo. This loan will greatly help Marilou in developing the general store business she has managed for seven years now.
She currently rolls in 4,000 PHP in the store and is earning 300 PHP gross sales each day. Aside from this general store, she is also involved in a bamboo shoot retail business in which she earns only 250 PHP.
Marilou is 36 years old with two school aged children. Her husband is a farmer and they live peacefully in a village somewhere in Cauayan City.
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.