Elvie is 43 years of age, married and has seven children. With the large household size, the couple has been doing their best to sustain the needs of their family.
Elvie has been running her hog raising business for two years, and her husband is in charge in tending their rice fields. Aside from her hog raising business, she is also involved in buying and selling vegetables. She has been selling her vegetables on a house-to-house basis.
Elvie would like to ask for additional capital in the amount of PHP 7,000 to be used in buying feeds and vitamins for her pigs, and vegetables for her vending activity. She hopes that she can get the loan amount she requested to increase her sales and have greater income. Through providing the vitamins and feeds to her piglets, she will be able to offer them at a higher price. In this way, she can support her children in their studies and improve their standard way of living.
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.