Jackielyn D., 28, is from the village of Christine, District 1, Cauayan City, Isabela. She is married and has two infant-aged children. To make a living, Jackielyn owns and operates a business venture in the food sector operating a retail and wholesale of "chicharon" (deep- fried pork rinds). While not the only means for generating revenue, the main source of income for the business comes primarily from selling crispy fried pork rind in the local community.
Jackielyn has been engaged in her business for over one year. She also has a direct selling business for almost three years. Both these businesses earn her around 6,000 PHP a month. She hopes that Kiva lenders will continue to support her throughout her fourth loan cycle.
In 2008, Jackielyn joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Jackielyn is requesting a new loan of 13,000 PHP which will be used to purchase additional products to sell. This loan will be the fourth loan taken out by Jackielyn from ASKI. She plans to use the additional revenue generated from the business to pay the tuition fees of her children.
ASKI is one of the most successful microfinance institutions in the Philippines. It has 29 branches covering the Central and Northeastern areas. Its clients are mostly of farmers, fisherfolks and small entrepreneurs.
*Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.
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.