Marcelina runs a direct-sales business which specializes in cosmetic products. She has been running this business since 2002, and supplements her income by farming. She is married and the mother of six children, four of whom are married and one of whom lives overseas. Her youngest child is still in school. Marcelina is requesting this loan for PHP 20,000 to buy stocks of cosmetic products such as lotions, perfumes and make-up kits in order to fill a large number of orders. She would like to grow her business so that she can let her youngest child finish her studies and also 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.