Joelyn is married and 26 years old. She has a retail shop where she sells different kinds of goods such as canned goods, sugar, seasonings, soft drinks, biscuits, detergent, shampoo, bath soap and bar soap. Joelyn has had this business for two years.
Joelyn is requesting a loan of PHP 50,000 to buy groceries such as shampoo, bar soap, detergent, ingredients, milk, sugar, junk foods, biscuits, soft drinks and other kinds of products needed daily. Each month, Joelyn earns about PHP 9,000 doing this type of work. She hopes that she can expand her general store and improve it through the help of 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.