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Lorena
Lorena is 41 years old and now a widow. Despite this, she has the strong determination to improve her family's living in order to give her children a better life.

To generate income, Lorena is engaged in the cooking and selling of meals and snacks in her community. She aims to improve the business in order to generate sufficient income to continue sending her children to school.

Lorena is requesting capital of 10,000 PHP to buy soft drinks, raw ingredients and seasonings needed in cooking meals, and snacks for sale. Lorena believes that this loan will help her to improve the business and she is hoping that she will become successful in the future.

Additional Information

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.

ASKI’s motto is “Together, let’s make things happen!” Join ASKI's Kiva Lending Team or view its website.

About Philippines

  • $7,000
    Average annual income
  • 1301
    View loans »
    Philippines Loans Fundraising
  • $57,936,400
    Funds lent in using Kiva
  • 41.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Lorena to buy soft drinks, raw ingredients and seasonings needed in cooking meals, and snacks for sale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 26, 2012
Listed
Dec 7, 2012
Currency Exchange Loss:
Possible
Ended:
May 24, 2013