Mercy is 29, married, and has two children. Due to financial hardships, she runs a small variety store to generate additional income. She has been operating the business for almost two years, and earns an income of PHP 300 daily.
She aims to increase her income to satisfy their necessities, and save some for the future of their children.
Due to insufficient capital, she is seeking a loan of PHP 15,000 to buy an additional stock of canned goods, noodles, snack foods, assorted candies, soaps, seasonings, beverages and soft drinks to sell.
She believes that her loan will enable her to improve 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.