Jenie is a devoted wife. She expresses her commitment and full devotion to her business and to her family as well. Jenie has operated a small sari-sari (variety) store for eight years. The profits earned from her businesses allow her to pay school fees and allowances for her children. At this moment, Jenie wants to strengthen her business but has inadequate funds, so she is asking for a loan of 50,000 PHP to buy soap, shampoo, canned goods, soft drinks, vinegar, and other basic kitchen items. She wants to stock more items in her store to meet all her customers' requests. In the future, Jenie aims to have a larger store to earn higher revenue. She wants to achieve financial independence.
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.