Ma. Chrisenta got married three years ago. She is now 22 years old and has one child. To supplement her spouse's income, she opened a small store and sells grocery items to the people in her village. She usually earns about PHP 6,000 each month, which is used for meals, bills at home and revolving capital in the business. She aspires to make additional income and is asking for a loan of PHP 10,000 to buy soap, sugar, coffee, bread, eggs and noodles to sell. It will help maintain good sales.
Ma Chrisenta hopes to improve her family's living conditions by developing her business and continuing to offer good products and services to her customers.
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.