Janice is 25 years old, single, and lives at Rizal with her parents. They have a furniture-making business as the family's source of income. She manages it very well. She also pay laborers who help them in the business. Janice usually earns PHP 30,000 each month, which she uses as revolving capital in the business and for education expenses of her younger brothers and sisters. Janice is applying for a loan of PHP 50,000 to buy more wood that is needed to make cabinets, tables and chairs. Janice hopes to continuously make high quality products and make the business more profitable. Some day, it will lead their business to progress and permit them to achieve economic stability.
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.