Josephine A. is 43 years of age and single. She lives with her parents in Barangay Nabbotuan Solana, Cagayan. She helps her parents earn a living by managing a general store in their village. According to Josephine her business is doing great because she has a lot of customers. However, she still wants the business to grow and expand to generate higher income.
With this aim in mind, she is asking for a loan from Kiva amounting to PHP27, 000 as additional working capital. She is helping her parents and sisters to provide for their family’s basic needs and also helps her nieces by giving them allowances and buying school supplies for their studies. She is happy with her life now and thankful that she has a business to be able to extend help to 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.