Josefina is a responsible housewife who planned to have a stable source of income to give her children a bright future. She is 51 and has five adult children. She has owned and managed a variety store in her community for almost three years, earning a profit of 10,000 Philippine pesos (PHP) per month that she has utilized for her family's daily consumption and for the expenses of their children in school. Despite calamities and competitors in the area, she can still make her business profitable.
She aimed to increase her product offerings to meet her customers demand, but due to inadequate capital, she is asking for a loan of 50,000 PHP to buy additional stocks of soft drinks, junk foods, beverages, seasonings, noodles, canned goods and soaps to sell in her variety store. She mentioned that she will make more improvements in her business through this loan and hopes that her patience and sacrifices will lead her to reach her goals in the future.
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.