Aster Jhane, age 22, sells vegetables and frozen foods to earn a living. Her husband works in a private organization. They have two very young children, and they aim to become financially stable in order to give their children a bright future.
Aster Jhane would like to acquire more stocks of vegetables and frozen foods to offer for sale, but she currently does not have enough capital for this investment. For this reason, she is requesting an additional loan amount of PhP 20,000, which she will use to buy frozen food items, tomatoes, eggplant, onions, gingers, potatoes, pepper, cabbages and squash.
Her goal is eventually to improve the business and to make it more profitable.
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.