Being a responsible mother, Lorna has been engaged in cooking and selling snack foods within the local community. She is 39 years old and has six children. She was separated from her husband due to unavoidable circumstances. Despite this, she has the strong determination to uplift the living status of her family. She aims to improve and strengthen her business but she has limited capital. For this reason, she would like a loan of PHP5,000 to buy flour, sugar, milk, rice cakes, banana cue and coconut juice to cook and sell. Being a kind and industrious mother, Lorna hopes that someday she will make her business more profitable.
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.