Jona is 28 years old and has one infant-age child. She is a single parent who lives with her parents in a rural community. Due to lack of job opportunities, she is engaged in selling AVON products to generate income. Being kind and friendly, she was able to win more friends who became her customers.
She plans to acquire more stocks of the said products to sell but she has not got enough capital. For this reason, she is asking for an additional PHP 35,000 to buy more stocks of lotions, perfumes, roll-ons, lipsticks, face powders and underwear to sell. She believes that, someday, she will make further improvements in the business as she continues work hard and strive harder.
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.