Lydia, 44 years of age, is married to a farmer and blessed with one child. She has owned and operated a retail store in their village for almost 1 year, in this business she earns a net income of 300 PHP daily. Lydia would like a loan amounting to 20,000 PHP to purchase coffee, sugar, canned goods, biscuits, and beverages to sell. She's hoping that her requested loan will be granted so that she can use it to make her business more profitable.
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.