Marisa is 56 years old and has seven adult-aged children. She runs a small variety store in her village to help her husband gain income. Marisa aims to improve her business and increase her income to satisfy the family's necessities and to save for future emergencies. To this end, she is asking for additional capital of PHP 20,000 to buy more stocks of snack foods, canned goods, noodles, beverages, vegetables, soft drinks and seasonings to sell. Despite competitors in the area, Marisa believes that she will improve the business through patience and hard work.
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.