Josephine has a sari-sari (convenience) store business to manage. To generate extra income, she also does meat processing like embutido (Filipino meatloaf) when pick season. Josephine is 47, married, and has two grown children. Her husband is a farmer and, at the same time, a tricycle driver.
Josephine wants to diversify the products she sells, for her customers. She wants to sells beverages, but she hasn't been able to pursue it because she lacks capital. In this regard, Josephine is asking for a loan of PHP 50,000 to buy drinks, noodles, and breads to resell in her sari-sari store business. She hopes to prosper from her business and become a successful businesswoman.
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.