Jovalyn is 31 years old, married, and thankful for having one child. Her family is her motivational guide, and she works hard to give them a better quality of life by doing something that brings additional income and that will allow her to support her child's needs. She has had a retail store based in their home for two years. The daily net profit of 300 PHP is just enough to cover the cost of the family's daily meals.
Thus, she is thankful for having other sources of income aside from retailing: she has also raised pigs for three years. To improve her income in the store, Jovalyn is requesting a loan of PHP 10,000 to purchase additional stock of items such as biscuits, soft drinks, cooking oil, sugar and other ingredients. She will also buy feed and vaccine for her pigs. Jovalyn says the loan will be very helpful in the success of her businesses.
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.