Jessica is 25 years of age and single. She has run her retail store for four years. Aside from this business, she also engages herself in a hog-raising business. According to her, she earns about PHP5,000 a month.This amount only covers their household expenses, due to the large number of household members. She is the fourth child among the nine siblings.
Jessica works hard to make a living. She aspires to save money for her business expansion. But this time she needs to improve and re-stock her retail store to be able to obtain her goals in life. Jessica has requested a loan of PHP7,000 to allow her to buy necessary stocks of merchandise. She knows that in this way, she can help her parents in generating funds to be able to supply the needs of her hog-raising business.
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.