Cristina has a community-based store in Rizaluna Cordon. She has been operating this kind of business for more than five years and up to the present. Aside from her retailing business, Cristina is also engaged in a transportation business, particularly in motorcycle transport. She is glad because her husband is responsible and supportive in raising their living conditions from poverty.
Cristina is 45 years old and blessed with three grown up children. One of her children has already settled for marriage while the other two remaining are still single and working as Overseas Filipino Workers (OFW). Cristina is a determined person and doesn’t want to ask for financial support from her two children. She wants to earn income independently because she still has the potential to run her store wisely.
For this reason, she is asking for additional working capital from the lenders amounting to P25,000, which will be used to buy stock groceries for her store. She knows that through this loan amount, she can obtain greater profits which will serve for her family needs and the improvement of her retail store.
The client in the business picture is on the right side while the project officer is on the left side.
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.