Gina is 33 years old, married and has two children, both of whom are in school. Her husband is a farmer in the Philippines and makes a living by planting vegetables, corn and rice. Gina’s main priority is to prepare her children for school so they can become professionals someday, but for the last two years she has also earned money by raising pigs. Her dream is to expand her business so she can earn enough money to send her children to college. Gina is applying for a loan for PHP 15,000 to buy more piglets to raise because she hopes that will allow her to fulfill her dreams.
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.