Milagros has been separated for 13 years and is blessed with four children. One of her children is married, one is an Overseas Filipino Worker, and the other two children are working in the mining industry.
Milagros stands as both father and mother to her four children. She is glad because her sacrifices turn into a fruitful outcome. She now manages her carinderia (mini-restaurant), beauty parlor shop and jewels plateria shop. Despite her situation as a single mother, still she is able to manage both her family and business.
Milagros would like to increase her stocks of soft drinks, vegetables, raw meat and some necessary ingredients. With regards to this, she is asking for her additional capital of PHP 15,000.
She hopes that through this loan amount, she can further improve her businesses and be able to obtain greater income. In this way, she can continue to support her father financially and improve her way of living.
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.