Lorena lives in Alimanao with her child. She has been a widow for about six years. She carries the burden alone to provide for her child. Her child is still in school and Lorena wants to keep providing a good education to her as her legacy. She sells grocery items to the people in her village. Lorena is asking for additional capital to increase her merchandise. With her loan, she will buy canned goods, eggs, bread and soft drinks to sell. She hopes to keep maintaining good sales from her business to provide for needs of her family and achieve a better life someday.
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.