To make a living, Jenna has operated a general store for almost three years now. Her net profit is about PHP 300 per day which she wants to increase.
This causes her to borrow a loan amounting PHP 14,000 as added capital to buy stocks for retail. She would purchase groceries for her store, like canned goods, biscuits, soft drinks, sugar, soap and spices. She also wants to sell electronic load and is hoping to do so with her requested loan. This would allow her to increase income to secure her family’s necessities.
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.