Jovelyn is 39 years old, married, and has two children. She runs a variety store within her locality, which she has been doing for 12 years. Her husband works as a farmer.The couple aspires to improve their sources of income.
Jovelyn is requesting a loan for 5,000 PHP, which she will use to buy grocery items such as eggs, cooking oil, detergent soap and soft drinks. She plans to have stocks of commodities in her store so that she can lessen her transportation expenses going to and from the market.
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.