Jennifer engages in a general merchandise business. She sells electrical supplies, such as batteries, light bulbs, electrical wiring and fuse boxes. Jennifer is already 33 years old, married and has two children in school. Her husband is a government employee in their town.
Jennifer aspires to work hard and to have a prosperous business for her family. Jennifer wants to borrow P 30,000 to buy circuit breakers, light switches and florescent lamps. She hopes to increase her income and save some of it for the education of her children.
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.