Marilou, 52 years old, is married; she and her husband are blessed with four children. They currently reside in the village of Alicaocao. For almost 12 years, Marilou has owned and operated a retail store in which she sells rice grains and gas tanks. In this business, she earns a net income of 20,000 Philippine Pesos (PHP) a month. She has requested a loan of 50,000 PHP to purchase more rice grains and gas tanks to sell. She hopes that her requested loan will be granted so that she can expand and further improve 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.