Lydia, 55 years of age, is married to a farmer and they have been blessed with 1 child. She has been in the livestock business for almost 2 years. Her net income, when she sells 2 hogs, is 13,000 PHP. She's asking for a loan of 25,000 PHP to purchase some hogs to raise. She will sell the hogs after three to four months. She feels glad that her business income is now enough to support her family's daily needs.
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.