Grace is 42 years of age and is married to a farmer. They have two children. She has been running a livestock business for five years and earns PHP5,000 every four months. Grace is requesting a loan of PHP12,000 to purchase additional hogs to raise and hogfeed supplement. She raises hogs to gain income because she wants her two children to finish their education someday. She hopes to increase her business income.
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.