Josephine is a hard-working mother. She owns and manages a small variety store in her community and, because life is very hard, would like to improve her business. Josephine is requesting for a loan for PHP 20,000 to buy more groceries, vegetables and fruit to sell to her customers. Despite her problems and difficulties, she is determined to get ahead and give her family a better life.
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.