Cecilia believes that, "if there is patience there is progress". She is a hardworking mother who helps her husband in managing their upholstery business to generate income. She is 48 and has four adult children. They make and sell sidecars for motorcycle transport in their community. They mentioned that their business is difficult to manage for it requires a lot of patience and sacrifices. But through their strong determination and perseverance, they make their business profitable, and their income is sufficient to satisfy their needs and finance the education of their children.
They aim to continue and improve the business because they have more customers who send orders to them, but due to inadequate capital, Cecilia is asking for an additional of P10,000 to buy steel, foams and other materials needed for making sidecars for motorcycle transport. They believe that the loan will help them to make more sidecars to meet their customers' orders. They are hoping that they will make their business grow and have a bright future.
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.