Marites is a 45-year-old married woman with two children — one boy and one girl. She has been selling fruit and vegetables. She is a hard worker and is well known in her area, with a good reputation and special products and prices. Marites is applying for a loan amounting 15,000 PHP (Philippines pesos) in order to increase her merchandise with fruits and vegetables specially requested by her customers.
She hopes to be able to reply to her customers' requests and fulfill her family's needs.
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.