Maricel is 31 years old, has four children and is married to a driver. Maricel's husband drives a trailer truck for one of the companies in their region. To gain profits, Maricel bought a motorcycle and operates it with someone whom she trusts and from whom she receives daily rents (boundary) for it.
Maricel wants to have an additional source of income because her children's needs and fees for school increased. In this connection, Maricel wants to borrow a loan of PHP 25,000 to purchase new spare parts and repaint her tricycle sidecar. She also plans to purchase tires, accessories for her motorcycle to encourage more passengers leading to more income as well.
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.