Jonalyn is a responsible mother who aims to become financially stable in order to help her husband in satisfying their family's needs. She is 28 years old and has one infant-age child. While taking care of her baby, she runs a small variety store in order to generate income. She plans to improve her business, but she has inadequate capital. In this regard, she is asking for an additional PHP 10,000 to buy more canned goods, noodles, soaps, snack foods, seasonings and beverages to sell. In the future, she hopes that her business will grow and become a viable source of income.
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.