Cresencia is a 59-year-old mother who owns and manages a small variety store to generate income. She and her husband aim to upgrade their poor living conditions in order to give their children a bright future. In this regard, Cresencia plans to improve and strengthen her business in order to increase her income. Due to financial difficulty she is asking for an additional PHP 20,000 to buy soft drinks, soap, shampoo, noodles, canned goods, medicine, rice and frozen foods to sell. Being a hardworking mother, she believes that she will be able to make an improvement in the business through this financial assistance.
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.