Lorna is married to a policeman and has been blessed with two children. She is business-oriented woman who aims to have a stable source of income, educate her two children and improve their standard of living. For the past 8 years she has been a wholesaler and retailer of frozen foods. Lorna would like to keep improving her business, so she is requesting a loan of PHP 25,000. The money will be used to buy more stock of frozen foods such as skinless longanisa, shanghai pork, hotdogs, keso, somia and toccino. She hopes that her business will grow continuously so she can earn more income for the sake of her family’s welfare.
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.