Magdalena is 46, married and has four school-age children. They live happily in a village planting and harvesting rice for sale. Due to the high cost of commodities and school fees, she chose to engage in a hog raising business to earn additional income to continue sending their children to school and satisfy their daily basic needs.
To improve her business, she is requesting additional capital of 30,000 PHP to buy feed and vitamins for hog raising. She mentioned that she needs to work hard and continuously strive to make her business grow.
In the future, she wants to start another business and renovate their house to live more comfortably. She hopes that she will be able to reach her goal through hard work and strong determination.
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.