Maricel operates their tricycle business for passengers' transportation. She is 31 years old, married, and has four children. Her husband is the driver of their tricycle. She has been in this business for five years. Maricel's children are all attending school.
Her business is not the only source of income. They also engage in the farming business which their income usually goes for their children's education.
Maricel wants their passengers comfortable when arriving. She is requesting a loan of PHP 40,000 to pay for their tricycle sidecar. She hopes that her husband will have more passengers to transport and increase his daily earnings.
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.