Due to financial difficulty, Cynthia engages in buying and selling of bananas and sweet potatoes in the community, while her husband plants bananas and root crops for his wife to sell. They aim to make their business profitable, in order to generate sufficient income to satisfy their needs and continue sending their two children to school.
Cynthia is asking to borrow additional capital of PHP10,000. She will use it to buy more stock of bananas and sweet potatoes, to resell in the market. Through hard work, she believes that she will be strengthening the business and making it a profitable source of income.
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.