Josephine is a responsible and kind parent. She is 46 years old, married, and has two children. She is thankful because her husband is also supporting her in managing their business. Josephine has been operating her retail shop at the public market of Santiago. She has been running her business for almost 15 years. With the help of her husband, they are able to increase their profit. She hopes that her vending activity will be more profitable, allowing her to support her children until they finish their studies.
One major challenge to Josephine is that she suffers from a shortage of income nowadays due to the increase in the prices of basic commodities. Another challenge is paying the allowance of her children and the house rent.
For these reasons, Josephine would like to ask for an additional capital amount of PHP25,000, allowing her to buy a stock of bananas and spices for her retailing business. She hopes that she will obtain the loan amount in order to improve the family's living conditions.
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.