Josephine is now 58 years old and has three grown children. She is separated from her husband.
She works hard and strives harder to provides her family needs. As a way of gaining income, she manages her farm lot by planting rice and vegetables for sale. She also owns and manages a variety store in the village to generate additional income.
Because she is a hardworking mother, most of her children earned degrees and have stable jobs. Despite this, she aims to continue and improve her variety store to earn a higher income and save for their future.
To improve the business, she is asking for additional capital of PHP 25,000 to buy canned goods, noodles, eggs, snack foods, soaps, candies, beverages and soft drinks to sell. She is hoping that this financial assistance will help her to improve the business and that she will become successful in the future.
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.