Jenny is married to a farmer and they are raising their family in a village of Guayabal. They were gifted with one child and they plan to educate her and give her a better life. Due to the hardships of life, Jenny is involved in a business buying and selling feed to generate additional income. She has been operating this business for almost three years and usually earns a profit of 1,500 PHP a day that she uses for their necessities.
Jenny plans to improve her business. But due to inadequate capital, she wants to ask for an additional 15,000 PHP to buy more stock of feed to sell in their village. She believes that this loan will help them to carry out their plan, and she hopes to be successful.
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.