Maria is 51 years old and has only one child who is now 30 years old and had settled down and married but still lives with her. At Maria's age, she is thankful for having three lovely grandchildren.
Maria sells fruits and vegetables at the market. She also sells eggs, onions, and vinegars. Maria rents a stall in the market. She has been running her business for almost 10 years and earns about P2,000 each month. She utilizes it well for electric bills, meals, and sometimes providing daily snacks and allowances of her grandchildren.
Maria is now asking for P25,000 to have additional funds to buy more eggs, cabbage, and tomatoes to sell in her store.
Maria's goal is to also own a stall in the market because paying for the rental is an additional expense for her.
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.