Josephine has been a good borrower since she started borrowing financial services from lenders. Josephine is 47 years of age. She lives with her live-in partner and two children. She started selling bananas, vegetables and ingredients in the year 1990. She is thankful because through her hard work, determination and patience, she was able to increase her sales and profit. Now she wants to have a continuous smooth flow of her business. That’s the reason she is asking for another loan of PHP 40,000. She will use this loan to buy stocks of banana, baguio beans, sayote(chayote), onion, ginger and garlic for her fruit and vegetable business. She hopes that her requested loan amount will be granted so she can educate her two children, improve her financial stability and have a better way of living 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.