Christia Lyn is now 24 years old, married, and has one infant child. To generate income, she chose to manage an eatery located beside the public highway while her husband works in one of the microfinance institutions. She aimed to strengthen the business and make it a viable source of income. She has been operating it for almost two years and usually earns a profit of 10,000 PHP/month that she usually spends for their food and clothing and saves for their future.
She planned to prepare more recipes daily to satisfy her customers' demand but due to insufficient capital, she is asking for an additional of 50,000 PHP to buy raw ingredients such as pork, fish, chicken, soft drinks, chips, and mineral waters to sell in the eatery. She believes that her strong faith and determination will help her to improve the business and to make her dream comes true.
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.