Joan Jean is 29 years old and a single mother. She and her child are living with her supportive mother in Luna, Isabela. Every day, she wakes up very early in the morning to open her store in the public market of Cauayan City. She has managed a clothing business for almost 13 years and her mother is also helping her. She is doing her best to become a successful entrepreneur for the education of her child. For this reason, Joan Jean is asking for the support of the lenders by borrowing a loan of PHP 20,000. She is hoping that her loan will be granted as it will really benefit her business and her family.
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.