Cecilia is 36 years old and a single woman. She lives at Ugac Sur. She runs a store and sells groceries and other items, for a living. She has been in her business for over 10 years. She usually earns PHP 20,000 each month in her business. She uses her income for meals, bills at home, and revolving capital for use in the business.
She is now asking for a loan of PHP 40,000. She will use it to buy more items to sell in her store, like canned goods, eggs, soft drinks, soap and shampoo. The purchase of inventory will help increase her sales capacity, and income as well.
Cecilia hopes to keep improving her small business, to attain financial independence someday. Further, she hopes to keep growing as a successful entrepreneur.
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.