Lorna proves to be a responsible housewife. She engages herself in buying and selling of dry goods in the public market to help her husband in gaining income. She is 40 years old and has two school-age children. She aimed to improve her business to help her husband in financing the education of their children who are now in college level.
She is asking for additional capital of 30,000 PHP to buy stocks of t-shirts, pants, underwear, blouses, skirts, jackets and short pants to sell. She believes that she can improve the business through her patience and hard work.
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.