Maricris is 30 years of age, married, and blessed with two children. She owns and has operated a retail store in their village for almost 5 years. In this business she's earning a net income of 5,000 PHP a month. She would like to request a loan amounting to 25,000 PHP to purchase noodles, rice grains, biscuits, canned goods, and beverages. She's hoping that her requested loan will be granted so that her business will be able to improve and expand.
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.