Celia is married to Abner, who works as a government employee. She is 48 years old and blessed with three children. Sending them to college is very costly. Celia hopes that her children will finish their studies with her financial support. To help her husband in providing for the growing needs of their children, Celia began selling beauty soaps. She gets orders from people in her community and then purchases her products in Tumauini, Isabela. She also maintains a hog-raising business in their home. To further grow both of her businesses, Celia is requesting a loan for PHP 31,000 from Kiva lenders. She hopes to obtain a loan from lenders to have her business raise more capital. She plans to purchase beauty soaps and a feed supply for her hogs to help them grow bigger. She hopes that her loan will be funded so that her businesses will remain stable.
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.