Joselyn is 45 years old, separated and has been blessed with six children. She operates a stall wherein she offers rice, salt, cosmetic products and auto load max. Joselyn would like to buy an additional 50 cavans of rice but her income is not sufficient due to an abrupt increase of her household expenses and the daily allowances of her six children.
For this reason, Joselyn is seeking a loan of PHP 50,000. She hopes that her rice retailing business will continue to grow smoothly so she can earn greater income, improve her way of living and educate her six children.
Joselyn hopes and prays that her requested loan amount will be granted.
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.