Emelita is 59 years old and married. She has two adult children, one of whom is working abroad. At her age, Emelita still needs to work hard, and manages her hog raising business as a source of income. Her husband is a farmer, and at the same time he runs another business of repairing different damages to cars.
Emelita wants to borrow additional capital to maintain and continue operating her business. She plans to use the loan to buy feed for the maintenance of her hogs. She will do her best to improve any business she may have someday, in order to be a successful borrower and entrepreneur at the same time.
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.