Lorna is 44 years old, has three children, and has been widowed for two years now. All her children have now finished their education. She provides sustenance to her children through her income from selling grocery items to the people in her village.
Lorna is still hoping for financial stability. That is why she is now asking for a loan of 20,000 PHP to buy canned goods, eggs, breads, soft drinks, soap, and shampoo to sell.
Lorna doesn't want to rely on her children's remittances. That is why she hopes to keep improving her income to achieve financial independence.
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.