Maribel is 40 years old and married with five school-aged children. With her desire to improve their daily lives, she spends most of her time in her hog-raising business. After taking care of the hogs for four months, she sells them, earning a profit of 8,000 Philippine pesos (PHP), just enough to cover their daily expenses.
She is now asking for a loan of 25,000 PHP to buy feed, vitamins, and vaccines for her hogs. She hopes to be able to send her children to school so that they will become professionals someday. Despite the hardships of life, they are striving hard to earn and save for education purposes.
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.