Lorena dreams of having her own frozen food factory. Lorena has a stall in a public market where she sells hot dogs and some frozen foods to her customers. She loves her business: that’s why she has been doing it for almost 13 years. Lorena is 41, married and has four children.
She started the business when she got married. She began this business to improve her family's future, especially her children's education. With regards to her dream, Lorena believes that by borrowing a loan of 35,000 PHP will help her dream become reality. Lorena plans to use the loan to purchase a large volume of hot dogs to sell in order to minimize her shipping expenses. In the future, Lorena will own a factory outlet of frozen foods.
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.