Cecille is 26 years old. She is engaged in selling dry goods such as slippers, shoes and doormats. She is married and blessed with one child. She makes her sales in the market and has three employees. Before, she did not want to get employees because of her low income. But she felt pity for these teenagers who stop after school, so to help them save for their education, she hired them.
As of now, she is requesting a loan of PHP 25,000 to purchase additional goods to offer (such as slippers) in order to acquire a higher income and provide her employees' labor costs. She feels that this loan will help her increase her sales and give her family better living conditions.
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.