Due to a lack of job opportunities, Ana Lyd a 40-year-old mother who decided to put up a small bookstore in her community to generate income. She was blessed with only one child because she was separated from her husband due to unavoidable circumstances. Despite this, she has the determination to uplift their status of living. To start the business, she is asking for additional capital of 10,000 PHP (Philippines pesos) to buy additional stock of books to sell like dictionaries, encyclopedias, magazines and other reference books to sell. She is hoping that her loan will help her improve the business in the future.
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.