Janet is from the village of Bugallon. She is 39 years old, married and has three school-aged children. She owns and operates a retail store in the local community. She has been engaged in her business for over 18 years.
She joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Janet is requesting a loan of 18,000 PHP to purchase grocery items such as canned goods, biscuits and other ingredients to sell. She plans to use the additional revenue generated from the business to pay the tuition fees for her children.
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.