Josefina has been a good borrower since she started borrowing her additional capital. She is now 58 years of age and married with five children. Four of her children have married and have their own families while the other one is a business-oriented person.
Josefina's main goal is to have a stable source of income since she's already getting old. To make her dreams come true, she is requesting another loan, amounting to 15,000 PHP. This amount will be used to buy stock of merchandise and vegetables for her general store. She hopes and prays that this loan amount will help her in expanding her business so she may improve her way of life and financial status.
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.