Cielito's business is sari-sari store. She has been doing this for three years. She earns about PHP 300 a day. Cielito is 52 years old and is married with three children. She raised her children with the earnings from her business, that's why she wants to expand it. Right now, she is asking for a loan in the amount of PHP 15,000 to buy canned goods, beverages, bread and condiments to sell. She hopes to expand 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.