Marife is 41 years old, married, and has four children.
To generate income, Marife buys and sells vegetables in her village. She has been operating her business for almost three years. She usually earns a net income of PHP 200 per day. Her income is just enough to cover her family's daily meals.
Marife is asking a loan in the amount of PHP 16,000 to buy string beans, tomatoes, eggplants, squash, and mushrooms to sell. She wants to improve her business to secure her family's future.
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.