Maria Fe lives serenely in Magalalag. She has been a widow for almost five years now and has two young children. She carries the burden alone of giving them sustenance. She operates a small store, from as early as six o'clock in the morning until seven o'clock in the evening. On weekends, her children also help her in the business. She gains about 300 PHP daily doing these activities. She would like to keep extending good and affordable prices to her valued customers in order to help her achieve good sales.
Maria Fe is now borrowing a loan of 50,000 PHP for additional capital to expand her business. She will buy more grocery items (biscuits, sugar, milk, eggs, bread, soap) to sell in her store. With strong determination and patience in her business, Maria hopes to achieve success in the business and will also bring welfare to her family.
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.