Janet is 40 years old and has eight children. She has been widowed for one year. She carries the burden of supporting her family's needs alone. Four of her children are still in school.
Janet earns about 5,000 PHP each month from the retail store she operates. Her income goes for school fees and reinvesting in the business.
Janet hopes to improve her sales, so she is asking for a loan of 10,000 PHP to buy canned goods, softdrinks, eggs, and noodles to sell. Additional revenue will be reserved for school expenses.
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.