Lyra is 35 years old and has three children who attend school. They live in rural community planting and harvesting rice and vegetables to sell. To earn additional income, Lyra runs a small variety store in her community.
Lyra is requesting a loan for 15,000 PHP, which she use to buy additional stocks of snack foods, candies, beverages, noodles, canned goods, soft drinks and seasonings to sell. She believes that this loan will enable her to make an improvement in her business. She hopes to make it more profitable in order to satisfy her family's necessities and continue sending her children to school.
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.