Due to financial difficulty, Maria engages in buying and selling of fruits and vegetables to supplement her husband's income. She is 52 years old and has six adult-age children.
Maria and her husband aspire to upgrade their status of living in order to educate all their children and give them a better life. In this regard, Maria aimed to continue and improve her business to generate sufficient income. Due to inadequate capital, she is asking for an additional of PHP 10,000 to buy more stocks of fruits and vegetables to sell in the market. Through patience and hard work, she believes that she will make the business viable and profitable.
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.