Lorna is 44 years old, married to Efren and has three children. Her spouse is a farmer who has an unstable income and she has a retail store that she has managed for over 10 years now. She sells grocery items to the people in her village. She usually gains about PHP 300 each day in her business. She is now asking for a loan of PHP 20,000 to buy grocery items (sardines, eggs, noodles, and soap) to sell in her store. With these additional grocery items, she will increase her sales capacity and profits from the business.
Lorna would like to keep extending good products and services to her customers so she can earn more profits for the education of her children. She will be very happy and proud to see them as professionals someday.
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.