Marites runs a fruits and vegetables business in the market. She has been in this business for 22 years. Thru profit from the business, she is able to meet her family needs. Marites has seven children, and her husband proceed in farming is not enough to sustain all their needs. She really keeps trying to grow the business for bright future of her family.
Marites is requesting a loan of P40, 000 to buy more fruits and vegetable to sell in the market. She hopes to earn bigger income and immediately give her children necessities in school and able to finish their studies.
This loan is special because:
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About Alalay sa Kaunlaran, Inc. (ASKI):
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.
A loan of $875 helps Marites to buy more fruits and vegetable to sell in the market.