Mary Joy and Donald A. are a young couple who live in Barangay Tuao North, Bagabag, Nueva Vizcaya with their three-year-old son named Owen Harley A.. The couple plans to have a small family. Considering their minimal income resources, they want to be able to meet the children's needs as they grow. The couple want to have a well developed and sustainable business to provide their children with a good education, so they will not be like them who, unfortunately, did not pursue their studies due to financial problems.
Mary Joy is trying her best to develop her barbecue vending business, while her husband works patiently in their inherited farm lot. Donald is sometimes hired as a carpenter in their village, especially when he is not busy with his farming. At their very young age, Mary Joy and Donald show their perseverance in succeeding for the welfare of their new family. With the income from her business, Mary Joy can help her husband provide a livelihood.
They want to increase their income in order to build their own house in the future. Mary Joy is applying for a loan of $225 to be used in the improvement of her barbecue vending business, the savings to be put toward their house construction and the education of their children. They are very thankful that they found a microfinance organization that will help them reach their goals.
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.