Cristina is a determined mother. She manages a small bakery in her house. Together with her spouse, they cook and sell breads for income. Through their income, they were able to send their children to school, and they are now happily employed and earn for their own families.
Cristina would like to keep managing the business to sustain their daily needs. In a week, she earns about PHP 2,000. She is now asking for a loan of PHP 12,000 to buy flour, margarine, and sacks of sugar to use in cooking breads to sell. This loan will help maintain the smooth flow of her operation and will improve her sales, too.
With good income from the business, she will be able to save for future expenses of the family. She also promises to pay back her loan in full.
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.