Cynthia engages in direct selling of Avon products. She sells underwear, bras, makeup and fragrances. She is 47 years old and still single. According to her, she focuses on the business she has now because she wanted to be one of the top sellers in the business she has as her dream.
Cynthia started the business as a franchise dealer, she pick up her customers' orders and delivers them to their house. Now, Cynthia has her stall in front of her house. She needs additional capital to purchase more products to sell. Cynthia is requesting a loan of 30,000 Philippine Pesos (PHP) to purchase bras, makeup, lotion, and some beauty products to sell. She will manage the business well to reach her dream quickly.
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.