This is Maria, 57, a resident of Casibarag, Isabela. She is married to Apolonio, her business partner, and a father to her children. She and her husband are managing their own business. They are working hand in hand to provide income for their everyday expenses.
Maria owns the operations of their motorcycle transportation business. She has a one motor unit, for which they are paid a boundary (daily quota) each day. Her regular customers are her neighbors and the local community.
To help her continue the operations of her business, she is requesting a PHP 7,000 loan. She will be utilizing the loan to buy spare parts and pay for the maintenance of her motor unit. She expects a boost in her business income as she expands her business.
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.