Sabina Cely is from the small village of Barangcuag, Angadanan. She is 57 years old and is married to Roberto, who is busy managing their farm land. To help her husband, Sabina Cely engages in the retailing business. She has been in this business for 12 years, and usually earns a minimum of 300 PHP a day. Sabina Cely wants to expand and re-stock her general store, but she lacks the necessary capital. For this purpose, she is asking for a loan in the amount of 20,000 PHP to buy canned goods, noodles, beverages, condiments and assorted breads to sell. She hopes to expand her business.
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.