Juanalyn, 35 years old, lives in Libag Sur with her spouse and three children. Victoriano, her spouse, operates a motorcycle transport service for the people in their village. Juanalyn cooks food for snacks such as lumpia (spring rolls), breads and juice, earning a minimum net profit of PHP 200 daily. The couple works untiringly to provide sustenance for the family, especially for their children's education expenses.
Juanalyn wants to improve her sales, so she is asking for a PHP 28,000 loan to invest in expanding her small store. She will use the loan to buy lumpia wrappers, cooking oil, milk, sugar, canned goods, noodles, and eggs to sell.
In the future, Juanalyn would like to have a stable source of income to achieve financial independence. She also would like to keep improving her friendly services to her customers.
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.