Jovelyn is a hard working mother who is engaged in planting and selling vegetables in her village to help her husband in generating income. She and her husband aim to improve their status of living in order to give their family a better life. For this reason, Jovelyn plans to plant and sell more vegetables in order to gain income. She is asking for additional capital of P20,000 to buy additional stocks of vegetables to sell. She is believes that her loan will help her improve the business and is hoping that she will become financially stable in the future.
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.