For the past year Buena Lyn, 48 years of age, has operated a stall selling a variety of plastic wares in the market. Because she wants to boost her income to improve her family's poor living standards, Buena Lyn is requesting a loan of P 20,000 to buy a greater variety of plastic wares such as plates and tumblers to offer for sale.
She hopes this measure will lead to higher sales and income. Hopefully she can improve her business and expand further 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.