Cresencia is hardworking mother of three children. She is happilyy married to a farmer. Cresencia is 52 years old and manages a sari-sari (variety) store business. Cresencia approximately earns an income of 6,000 Philippines pesos (P) monthly from her sari-sari store by selling biscuits, candies, soft drinks and some goods that are consumed daily.
Cresencia dreams to gain a higher income from the business. Her income is a big help for the family's daily needs and consumption in their house. Cresencia wishes for a loan of P25,000 to buy additional grocery items to put in her store and sell in their village. She hopes that she increases the number of customers who buy in her store and increases her profit 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.