Hilaria is 58 years old and already a widow. She is living in Natappian East, Solana, Cagayan with her five children.
To have a source of living, Hilaria has a hog raising business. She has been in the business for more than five years. Through this said business, she is able to earn a net income of PHP 3,500 when she sells one of her animals. She uses her income for the daily expenditures of her family.
At present, Hilaria needs additional capital for her business, so she is requesting a loan form ASKI and KIVA lenders amounting to PHP 18,000. She will spend the loan to purchase pig feed and vitamins.
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.