Cristina is 30 years old and a mother of two. Due to a lack of job opportunities, she runs a small variety store in their community to generate income. She aims to improve the business and generate sufficient income to provide for her family's needs and support the schooling of her children. Despite financial difficulty, she has the determination to improve their standard of living to ensure the future of her children. She planned to improve her small variety store to increase her income, but due to financial difficulty, she is asking for an additional capital of 20,000 PHP to buy more stock of soft drinks, candies, biscuits, junk foods, beverages and frozen foods for sale. She mentioned this financial assistance will enable her to make an improvement in the business.
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.