Maricar, 24, is a young mother of two children. She is a hard-working wife and mother who owns and manages an accessories stand. She has been operating this business for four years and she aims to lift their standard of living through her started source of income.
She is determined to work hard because her husband can not help her to financially support their family, due to an unexpected motorcycle accident that happened to him. But life must go on, Maricar said. To continue her business, she is requesting a loan of PHP 50,000 as additional capital. It will be used to buy more accessories, and stock up on plastic and kitchenwares to re-sell. She believes that through this loan she will increase her product offerings and satisfy her customers' needs. She hopes that in the future she will make the business a viable source of income, to save for the future of her two children.
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.