Marietta is 45 years old and married with four children. Marietta and her family live in the village of Del Pilar. To earn a living, Marietta is engaged in selling rice in her village. She has been doing this business for nearly three years. Now Marietta is asking for a loan in the amount of 50,000 PHP to buy three sacks of rice to sell. She hopes to grow 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.