Retailing grocery items to the people in her place of residence makes Josephine busy in her daily life. She has operated the business for almost seven years and has average sales of 10,000 Philippines pesos (PHP) monthly. She has four children attending school so she needs to generate a good income in order to provide them a good education.
Josephine is now 45 years old and married to Leopoldo, who is a tricycle driver.
Josephine is now requesting a loan of 25,000 PHP to buy shampoo, soap, sugar, milk, coffee, biscuits and soft drinks to sell in her store.
In the future, Josephine would like to sell not only grocery items but also fruits and vegetables to boost her profits and allow her to continuously send her children to get a college education.
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.