Josephine is 48 years old, married and has been blessed with three children: Maricel, 30 years old and married; Joemar, 28 years old and a computer technician; and Mary Joy, who is 14. Josephine is married to Marcelino, a farmer, and the family lives in Sillawit, Cauayan City, a semi-rural area.
For the last 14 years, Josephine has made a living managing a genral store where she sells basic commodities, cooked foods and snacks. She earns about PHP 800 a week, and has applied for a loan for PHP 25,000 to buy more items to sell to her customers. She hopes to secure her loan quickly because, as she puts it, "you live your life just once, so you should do things that are meaningful and rewarding."
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.