Jocelyn runs a retail store. She sells grocery items to the people in her village. She has been in this business for two years now. Jocelyn is married to a farmer named Jose and together they raise two children.
She is borrowing a loan of PHP 6,000 to buy sardines, noodles, shampoo and soaps to sell in her store. These additional items will increase her sales. In the future, Jocelyn would like to keep improving the sales from her business so she can earn enough to fund the education of 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.