Cristina is 32 years old and has two school-aged children. She owns and manages a small variety store to generate income. She aims to improve the business and increase her income to satisfy their necessities and finance the education of her children. She planned to acquire more stocks of grocery items to sell but she has insufficient capital. In this regard, she is asking for an additional PHP 12,000 to buy more stocks of snacks foods, beverages, seasonings, canned goods, noodles, soaps, soft drinks and vegetables. She is hoping that someday the business will grow and become more profitable.
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.