Cielo is an energetic woman who manages a convenience store. She is 23 years old, and still single. Due to hardship in life, she decided to sell variety of groceries in her village. Her dream is to expand the business to have enough income that will enable her to continue support her siblings.
Cielo is requesting a loan of 50,000 PHP to buy groceries to sell. While she is still single she will try to help her parents to the best of her ability. She believes that with the loan, she can sell more items and increase her income too. She will extend her support to her parents and save some for herself as well.
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About Alalay sa Kaunlaran (ASKI):
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.