Jennifer is requesting the amount of PHP 7,000 as added capital in her rolling business. She will use the loan to buy various vegetables, fruits and meats to sell around their village. She has been in the business for four years already, and she is earning PHP 6,000 net income from her business each month.
Aside from selling fruits and vegetables door-to-door, she also operates barbecue-selling in the late afternoon in the village hall, since potential customers are there.
She is already 29 years old. Two of her children already attend school and the other two are still young. Her husband, on the other hand, is a construction worker earning PHP 250 daily. The couple works together to save for the future education of their children and unexpected emergencies.
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.