Josephine owns and operates a variety store. She is 53 years old and married with six children. One of her children is married, four are still studying and one is working. Josephine aims to let her four children finish their studies and have viable sources of income.
To realize her dreams, she is seeking a loan of 12,000 Philippine pesos. She will use the loan to buy additional grocery items to sell within her local community.
She knows that, with this loan, she could generate better profits and satisfy customer demand.
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.