Jonalyn is 27 years old. She is married to Roberto. The couple is thankful because they had been blessed with two children.
To generate income, Jonalyn is engaged in cooking and selling native cakes in her village. She has been in her village for two years and earns about 300 PHP (Philippines pesos) a day.
Right now, Jonalyn is asking for a loan in the amount of PHP 15,000 to buy raw ingredients to cook and sell such as sugar, coconut and flour. She is determined and patient to improve her business to supplement the needs of her family. Her profit will be used as additional working capital for her 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.