Faustina is 58 years old and is married. They are blessed with 10 children. The youngest two are in school and are about to finish college this year. Faustina’s husband is a farmer, planting rice and corn in the Philippines.
Faustina is engaged in a hog raising business, primarily hogs for breeding. She has six heads of sow and 40 piglets to raise. Sometimes, Faustina has difficulties in feeding her plenty of pigs, that’s why she decided to request a loan of P50,000 to buy feed for the maintenance of her pigs. She plans also to buy galvanized iron to repair the roof top of her piggery house.
She hopes to maintain her business for the future of her family. She will manage her business well, and gain higher income to save some of it for their 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.