Jovelyn is a hard working woman. She is 39 years of age and married to her second husband (her first husband died). They have eight children and all of them are attending school.
Jovelyn and her new spouse have been working hard in order to support the daily needs of their family, send their children to school and improve their bakery business. Aside from the bakery, Jovelyn also manages a boarding house, raises hogs and owns a motorcycle transport business.
Jovelyn would like to seek a loan of PHP20,000 which will enable her to buy stock of flour, cooking oil and sugar for her bakery business. She knows that with her requested loan amount, she could further improve her breads and satisfy the demands of her customers and also have an increased income.
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.