Juvilyn, 30 years old, is married and has two very young children. The family lives harmoniously in a rural community, planting and harvesting corn and vegetables for sale. Due to living hardships, Juvilyn buys and sells plastic wares in their community to supplement her husband's income. She aims to improve the business to earn a sufficient income for her family. Juvilyn is asking for a loan of PHP 15,000.00 to buy more stock of plastic wares such as containers, pails and basins, to resell. She believes that this financial assistance will enable her to improve the business. Juvilyn hopes that she will become successful in the future.
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.