Juvelyn is hardworking wife and responsible mother to her two children. She has run a restaurant for more than 15 years, as well as a retail store. She is thankful because she and her husband have been able to support their household expenses and the education of their children. Her spouse's occupation is a private bodyguard.
Juvelyn would like to increase her sales and profit so she could let her two children finish their studies. Aside from the restaurant and retail store, Juvelyn is also selling charcoal. Gained profits from her businesses were used to cover all of their household expenses and school fees for her children. Juvelyn would like to request additional working capital in the amount of PHP 30,000, thus allowing her to buy more stocks of ingredients such as vinegar, oil, soy sauce and some raw meat and vegetables for her restaurant. She hopes that through this loan amount she could further expand her restaurant so that she could let her children finish their studies and have a stable source of income.
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.