Lorena is 41 years old and now a widow. Despite this, she has the strong determination to improve her family's living in order to give her children a better life.
To generate income, Lorena is engaged in the cooking and selling of meals and snacks in her community. She aims to improve the business in order to generate sufficient income to continue sending her children to school.
Lorena is requesting capital of 10,000 PHP to buy soft drinks, raw ingredients and seasonings needed in cooking meals, and snacks for sale. Lorena believes that this loan will help her to improve the business and she is hoping that she will become successful in the future.
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.