Jovelyn is an industrious mother who plants and harvest vegetables that she also sells in the public market. She is 39 years old and has school-age children. Due to the high cost of school fees, she needs to increase her income in order to continue financing their education and give satisfaction to her family daily necessities. She is asking for a loan of PHP23,000 as added capital for her vegetables buy and sell business. She plans to buy various kinds of vegetables like string beans, bitter melon, eggplants, tomatoes, sweet potatoes, and beans to sell. Despite the problems and difficulties in life, she has this strong determination in making further improvement in the 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.