To generate income, Cyrene Mae buys and sells frozen foods in her community. Her husband works at a private company.
Cyrene Mae is 25 years old and has no child yet. She aims to improve and strengthen her business to earn a higher income.
To improve the business, she is asking for an additional PHP 10,000 to buy additional stock of hot dogs, ham, longaniza (pork sausages), tocino (bacon) and dressed chicken for sale.
This financial assistance will help Cyrene Mae to improve her business. She hopes that in the future, she will be able to make the business grow and become a viable 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.