Cecilia is a 50-year-old high school graduate who operates a sari-sari store (variety store). She is thankful that she completed high school because she knows how to manage her own business. She has been engaged in this business for 20 years. The profits from her business have helped to pay for the education expenses for her four children. She also plans to sell bananas. She is seeking a loan for 40,000 PHP to buy groceries such as sugar, noodles, and biscuits to stock in her store and bananas to sell in the market every market day. Cecilia will work harder for her businesses to earn a higher income. She hopes that her wish loan will be granted.
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.