Mary Joy, age 20 and the mother of a baby, reports that she believes that "success is the fruit of sacrifice." Due to financial hardship, she has started a business selling fruits and vegetables in order to supplement her husband's income.
She would like to acquire another stock of fruits and vegetables to offer for sale, but she does not have enough capital to do so at present. For this reason, she is requesting an additional loan in the amount of PhP 10,000, which she will use to buy bananas, tomatoes, squash, onions, potatoes, pomelos, beans, eggplant, cabbages, and sweet potatoes to offer for sale.
She is hoping that the loan will be a great help to her in improving the 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.