Her sari-sari store (variety store) is the major source of income for the family. Ceferina is 55 years old and is married. Ceferina has been engaged in her business for many years and usually earns 250 PHP per day.
As of now, Ceferina is requesting a loan of 27,000 PHP to acquire additional grocery items such as canned goods, noodles, curls, bakery bread and other basic ingredients to sell. She hopes that she can get the amount she requested to further develop her business.
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.