Fely is 43 years old and is married. Her husband is a farmer, planting corn in the Philippines. The couple is doing their best to raise their standard of living.
With a determination to earn income sufficient to sustain their daily household expenses, Fely is involved in a retail business which is a sari-sari (variety) store. While waiting for her customers to buy her products, Fely also runs a hog-raising business.
Now, Fely is happy that she already has six pigs to raise. She is asking for a loan of P50,000 to buy feed and vaccines of her pigs so that they can grow faster.
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.