Cipriana, age 52, runs a sari-sari (general store) business in the village of Sto. Niňo, Angadanan. She and her husband have seven children, and Cipriana works hard to help support and raise them. She has operated her business for three years. She usually receives a net income of PhP 300 a day.
Cipriana is requesting a loan in the amount of PhP 15,000 to buy canned goods, eggs, cooking oil, curls, bread, and beverages to offer for sale. She hopes to continue to grow 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.