Due to financial difficulty, Cristina engages in the buying and selling of charcoal in their community to earn additional income. She is 39 years old and has six school-age children. She and her husband aim to continue sending their children to school so that they will become professionals someday. In this regard, they need to earn and save more income to satisfy their family’s daily necessities and support their children’s education. Cristina aims to acquire more stock of charcoal to sell but she has insufficient capital. She is asking for an additional of PHP 10,000 to buy more stock of charcoal to sell. In the future, she believes that she will be able to improve her business even more.
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.