Josephine is 41 years old, and is married. She is a mother of two children. She has been engaged in buying and selling fruit in the market of Cauayan City. Right now, Josephine is asking for a loan amounting to PHP 10,000 to acquire more fruits such as apples, mangoes, oranges, “pomelo” and guava to sell. This business helps Josephine, because it’s the only source of income she has to raise her family.
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.