Jovelyn is 36 years old and is married to Reynaldo. To make a living, Jovelyn is engaged in buying and selling fish in the market. She has been running her business for almost 13 years. She usually earns a net income of about 2,500 Philippine Pesos (PHP) a week, so she keeps on doing this business.
Jovelyn is asking a for loan of 12,000 PHP to buy a variety of fish such as tilapia, milk fish, and big head to sell. Jovelyn hopes that she can obtain her desired loan to further improve her business as well as her family's standard of living.
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.