Cresencia is 41 years old and is married. She operates a "sari sari store," which is the common name for a variety store, in her village, where she sells canned goods, noodles, sugar, cooking oil and spices. She has had this business for four years.
Cresencia earns PHP 2,000 from the business each week, and this income is put back into the operation of her store so it will be maintained and eventually grow for her family's needs. She is asking for a loan of PHP 15,000 to buy canned goods, noodles, sugar, candies, crackers, and soft drinks to attract more customers to generate more income.
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.