Josefina is 43 years old, married, and blessed with six children, namely: Temilyn, 26 years of age, a college graduate who is now working at a private company; Joel, 24 years of age, a college graduate; Jocelyn, 22 years of age, a college graduate; Mary-Ann, 19 years of age, a college student; Antonette, 15 years of age, a junior high school student; and Simone, 8 years of age, a grade three pupil. They are happily living in the village of Baculud, Iguig, Cagayan.
Josefina has operated a sari-sari store business (community-based store) in their village for five years now. She wishes her business to grow for it is a great help in meeting the needs of their family. With her income, she is able to assist her husband in providing for the family.
In this regard Josefina wants to borrow additional capital for her business since she needs more stock for the improvement of her store. She is now in need of Php 25,000 and this will be used to buy more stock to meet the demands of her customers.
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.