Being separated has made Mercedes a strong-willed person. She has five children: two of them are already married while the other three are working. For her not to depend on remittances from her children, Mercedes offers beauty services and manicure/pedicure. From her beauty salon, she is generating a minimum of 300 Philippine pesos (PHP) a day which has been very helpful in supporting her daily food intake.
Wanting to further develop her business, Mercedes is requesting a loan of 20,000 PHP. She intends to use the loan to buy necessary chemicals needed for hair rebonding and cold waves, nail polish and chemicals needed for foot spas. Mercedes believes that this loan will have a great impact on developing 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.