Mary Ann has aimed to strengthen her small variety store business to earn sufficient income for her family. She is 26 years old and has one infant-age child. She is a single parent because her boyfriend abandoned her after learning she is pregnant. Despite this, she accepted her responsibility to support her child with the help of her parents. While she takes care of her baby, she finds time to manage her small variety store. She wants to increase her product offerings to satisfy her customers' demands, but due to insufficient capital she needs an additional of PHP 20,000 to buy soft drinks, candies, breads, powder soaps, beverages and seasonings to sell. She believes that her loan will make it possible for her to improve the business.
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.