Jonas offers fresh (buko) coconut juice within his village and nearby villages. He is a married man with two infant children. His wife owns an internet cafe, which she has run for seven years.
Jonas's coconut juice is marketable within their village due to the good taste, and it is used as an alternative medicine for kidney trouble and urinary tract infection. According to Jonas, he has another stall at Diffun Quirino. Three of his helpers manage his stall at Diffun, while Jonas is responsible for running his stall located at the Public Market of Cordon. He aims to earn a greater income so he can uplift his family's living condition out of poverty and educate his two children. For now, he struggles because of inadequate capital due to an increase of household expenses and rentals for his stalls. With regard to his situation, he requested a loan of PHP 18,000, which allows him to buy more fresh coconut. He knows that he could make his dream possible through continuous hard work, patience and dedication to his business.
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.