Jocelyn's main source of income is selling fish. She has been in the business for already 13 years. With this activity, she usually generates PHP 3,000 a week, which has provided very essential support for the daily needs of her family. At this moment, Jocelyn needs additional capital to continue to run her business. To make this happen, Jocelyn is applying for a loan of PHP 20,000. She intends to use this amount to buy milkfish ("bangus ") and other kinds of fish to sell in the market. She is hoping that her loan application will be granted, so she can improve 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.