Josefa is a retail store owner. She is 53 years old, married to a farmer, and has seven children. They are not attending school anymore because some are already married while others have finished a degree and found local employment.
Josefa would like to keep increasing sales capacity but she has insufficient fund now so she is asking for a loan of P20,000 to buy canned goods, soft drinks, eggs, shampoo, soap and detergents to sell.
Josefa also hopes to keep extending good relationships with all her valued customers for more sales and profits. This will lead her to achieve financial stability someday.
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.