Jenalyn is a 25 year old married woman with three children, two of whom are still studying. She has a general store where she sells a variety of products. She had been doing this work for two years. Each day, she earns approximately PHP 500 for these activities.
Jenalyn is requesting a loan of PHP 20,000 to purchase groceries such as noodles, canned goods, shampoo, soap, sugar, and coffee to sell to the people of the community. She hopes that, through the loan, she can gain more customers.
In the future, Jenalyn hopes that her business will expand to sustain the needs of her family.
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.