Lovelyn is 48 years old and married. Lovelyn's spouse works as a "tricycle" driver in their village. To increase the family's income, Lovelyn engaged herself in a business of hog-raising. She has had this business for five years. She earns P 3,000 a month every time she sells her hogs. As of now, she has had two pigs to sustain.
She is now asking for a loan of P 12,000 to buy feed, medicines and vitamins for her hogs to ensure good nutrition. Lovelyn hopes this loan will grow her operations. With good nutrition, hogs can be marketed at a higher cost and boost her profits.
In the future, Lovelyn would like to strengthen her hog-raising business to generate more income and save for future emergencies.
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.