Having the fortitude to overcome poverty, Lydia plans to expand her piggery business, as well as sari-sari store, to increase her income. She has been operating these businesses for over 21 years and usually earns a profit of PHP 10,000 monthly. She usually spends her income on food, clothing, electric bills, and necessities for her children. To make certain of receiving high proceeds, Lydia is asking for a loan of PHP 50,000 to buy feed, medicine, vitamins, and groceries, such as beverages, coffee, milk, detergent soap, fabric conditioner, shampoo, and canned goods for her businesses. She believes the loan will help her improve and provide her with fruitful proceeds.
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.