Lydia, 49, is married and has three school-age children. She and her husband aim to upgrade their status of living so they can educate their children and give them a better life.
To generate income, Lydia engages in buying and selling footwear in the public market while her husband manages their farm. She aims to strengthen the business to earn a higher income. She has been in the business for almost three years now. She plans to acquire more stocks of footwear to sell, but she does not have enough capital; therefore, she is requesting a loan of 20,000.00 PHP to buy slippers, sandals, shoes, toys, bracelets and earrings to sell. She believes that through patience and hard work, she will make her business grow more profitable 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.