Lydia is 43 years old and is engaged in the business of selling dried fish. In the three years that she has been operating this kind of business, she can say that she has improved her family’s lifestyle.
To further increase her income, Lydia is asking for a loan of PHP 12,000 to buy a variety of dried fish to sell. If her loan is approved, it will be possible for Lydia to lift her family out of poverty through her hard work with the loan funds.
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.