Mercedes is 59 years of age and has five children. Three of her children are working while the other two are married.
Mercedes is a home service beautician and manicurist. She has had this kind of business since she was 20 years of age. Her main goals are to have a stable source of income and a better way of living. So, at her very best, she works tirelessly to sustain her family's basic necessities.
Mercedes would like to buy a new iron and blower for hair, but her capital is no longer enough. With regards to this situation, she is requesting a loan of 10,000 PHP. This amount would really have a great impact on running her business well. In addition, she will use some of the amount to buy nail polish to satisfy her customers' demands. Mercedes believes that her business will grow further.
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.