Sionila is 38 years old, married and has three children. Her husband is working abroad as a driver. Sionila started the business by selling slippers in the market. When she learned how to manage the business, she decided to start another business. Now, Sionila is also selling clothes, making corsages for graduations, and souvenirs for all occasions.
Sionila's dream is to establish other businesses for additional sources of income and be able to continue sending her children to school to finish their education. Sionila is asking for a loan of P35,000 to buy clothes and materials for making corsages and souvenirs to sell. She will manage the business well and make her dream a reality.
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.