Lydia's primary source of income is her general store business. She is 57 years old and is married with one child. Her husband's name is Gilbert. He is a farmer in their village, where they generate their income. Lydia has been engaged in her sari-sari store for ninth months and she earns about PHP 300 a day. She wants to restock her retail store but she lacks the necessary capital. In this regard, Lydia is asking for a loan in the amount of PHP 8,000 to buy canned goods, noodles, assorted bread, candies and soft drinks to sell. She hopes that in the future, she will make her business grow as she continues to manage her business well.
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.