Josie is from the village of Paddad, Alicia. She is married to Montano. To raise her family, Josie is engaged in a direct selling business. She usually sells lotion, deodorant, cologne and powder around her village. She has been in this business for seven years. She receives a net income of PHP 2,000 monthly. To this end, Josie is requesting a loan in the amount of PHP 20,000 to buy more lotion, deodorant, cologne and powder for resale. She hopes to grow her business.
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.