Mercedes was 18 years of age when she started working as a manicurist within her local community. She is widowed and blessed with five children. Four of her children had settled for marriage while the other child is her companion in her home service manicurist and beautician business.
Mercedes aims to have her own beauty salon within the market of Cordon. So for now, she's doing her very best in order to earn greater income and to satisfy her customers' demands. In this way, she could encourage more customers.
This time, Mercedes wants to buy a new blower, an iron for hair, and necessary chemicals for hair re-bonding and cold wave, but she doesn't have enough capital. Therefore, she is seeking additional capital, amounting to PHP 22,000. She hopes to obtain this amount of loan, so she could sustain her family's basic needs and save some for emergency purposes.
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.