Jennifer is from mountainous Villaluz. She is 30 years old. Jennifer is married and has two school-aged children. To make a living, Jennifer runs a general store. The main source of income for the business comes from selling a variety of different products in the local community. Jennifer is just starting this business.
Jennifer is asking for a loan of PHP 18,000 to improve her living situation and ability to engage in business activities. She will use the loan to purchase additional products to sell to sustain the daily needs of 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.