Lorna is from the village of Magsaysay, Alicia. She is a widow. Lorna has two children. Lorna found it hard to find job, so she decided to open a sari-sari, or general store. She has been in business for almost two years and earns about 300 PHP a day. She would like to have more stock on hand to sell.
Lorna is applying for a 15,000 PHP loan from ASKI to buy noodles, bread, cookies, candies and condiments to sell. She believes that with this loan she will be able to improve her store as well as her income.
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.