Due to financial hardship, Cresencia engages in buying and reselling of footwear, AVON and Natasha products within her community. She is 55 years old and has only one child. She aims to improve her business to earn a sufficient income.
She is asking for a loan of PHP12,000 to buy more stock of footwear, AVON and Natasha products to sell in the local community.
Being a patient and industrious mother, she believes that she will be able to make her business more profitable in the future.
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.