Analyn is a single entrepreneur. She is a direct dealer of beauty products for men and women. Other than that, she is also engaged in the poultry business, raising ducks and chickens. She is proud that she can help her family earn something for their daily needs. Thus, to further maintain her business activities, Analyn wants to take out a loan amounting to PHP 4,000. She believes that this amount will help her family be lifted out of poverty. She hopes that her loan will be granted so that she will be able to improve her business and somehow expand to other types of business someday. It is just a matter of “sacrifice,” says Analyn.
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.