Mercy is now 57 years old and has three grown-up children. She is separated from her husband due to family conflicts and misunderstandings. Despite this, she has the determination to improve their status of living and give her children a better life.
She owns and manages a computer shop and Xerox machine near the capitol site. She has been operating the business for almost 12 years and usually earns profits of P10,000 (Philippines pesos) a month that she utilizes for their daily consumption and saves for their future.
She aims to improve her computer shop by acquiring an additional set of computers, typewriters for rent and Xerox machines to provide service, but due to insufficient capital, she is asking for an additional P50,000 to buy said computers, typewriters and Xerox machines. She mentioned that this loan will be a great help for her to improve business, and she is hoping that someday, she will improve the business and make it a viable source of income.
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.