Rosemarie runs a hog raising business out of her home. She is 51 years old and is married to Ricardo, who is a carpenter. The couple works hard and helps each to meet their daily financial needs. Her hog raising business is doing well however she lacks capital to sustain their daily feed supply. This is the reason why Rosemarie is requesting a loan of PHP 9,000.
Rosemarie believes that through her business she can support her children until they can complete their studies in college. She has four children; Raymond is 23 years old and is a college graduate, Reynald is 22 years old and still a college student, Richard and Ronnie who are 20 and 18 respectively are also still in college. Rosemarie works hard to provide for their needs in school and is hoping that someday all her children become successful.
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.