A banana dealer, Josephine earns her income by selling bananas at both wholesale and retail prices in the market. Josephine was only 12 years old when she was put to work, being trained on selling bananas in the market. She is now 56 years old and has two children. Josephine has been in the banana business for 44 years now. She started the business with no fixed location. At that time she didn't have her own stall where she could put the bananas. With her early profits from the business she was eventually able to pay rent and get a stall.
Now Josephine wants to borrow a loan of PHP 20,000 to buy a larger quantity of bananas to sell in the market. Her goal is raising her profits, which she will save until she can buy a truck to use in hauling the products she sells, which will reduce her costs.
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.