Mercedita is 56 years old and married with four children. For the past three years, she has owned and operated a food stall. Mercedita earns approximately 6,000 PHP each month.
Mercedita is requesting a 16,000 PHP loan to purchase meat and vegetables to cook and sell. In the future, she hopes to grow her business and increase her income.
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.