Mario is 54 years old and married. He has been blessed with three children but all of them have been settled for marriage already and are now separately living with their own families. Mario has been renting a stall within the public market of Santiago. He sells different kinds of clothings for kids, women and men.
Mario says that through 18 years involvement in the clothing business, he was able to improve the living condition and provide for the needs of his children during their school days. Now that his children have their own families, Mario is still aiming to improve his clothing business, which will enable him to save some for security purposes for when he and his wife get weak and for their basic necessities in life. To obtain his dream, he is requesting for additional working capital amounting to P20,000 which will be used to purchase in-demand costume for the Christmas season. He is hoping that he could encourage more costumers to buy his product due to many competitors in his business location. Mario would be glad if he could generate bigger income everyday to be able to continually improve their living condition.
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.