Josefina is a 48-year-old, hardworking mother of four. She is married to Jacinto, a tricycle (motorcycle) driver. Together they earn income for the sustenance of the family.
Josefina has run her talipapa (vegetable stall) for over five years now. She sells vegetables, fruits, and grocery items too. She would like to keep gaining more income, so she is now asking additional capital of PHP 35,000 to buy more merchandise. She will buy more vegetables (cabbages, tomatoes, beans) cooking oil, vinegar, and canned goods to sell.
Josefina will be very happy and proud to see all her children become professionals in their chosen careers and obtain good employment some day. This will help lift their family out of poverty.
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.