Leonila wants to further develop and improve her business, so she is requesting a loan from Kiva lenders in the amount of PHP25000 to sustain her pig-raising business. She needs enough capital to provide the needed food supply for her hogs. According to her, the business has come to be a big financial help to their family, especially in providing for the education of her children in school. She earns a good profit from the business and wants to maintain it for the welfare of her family.
Leonila is forty-eight years old. She is married to Pascual who works as a house carpenter. They are presently residing in the rural village of Barangay Annafunan East Tuguegarao, City. She has two children: Walter and Lilibeth. Leonila believes that by maintaining her hog-raising business, they will be able to cope with whatever financial difficulties they might encounter in the future, because it is a profitable enterprise.
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.