Lorna is 47 years old and is engaged in hog fattening and fish vending as a sources of income.
She was blessed with seven children. The two eldest are helping her in the improvement of their living through working as sales ladies. However, the income generated from their sources is not enough to cover the expenses of a big family. It requires a lot of sacrifices and hard work to earn sufficient income. She hopes to increase her sales but a shortage of funds obstructs her.
She therefore seeks additional capital in the form of loan. Lorna hopes that her PHP 5,000 loan request will be approved so that she is able to purchase feed and vitamins for her current pigs, and fish to sell.
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.