Josefina has been running her hog raising business for almost 15 years. She is 55 years of age and married to a farmer. The couple was blessed with three children. Josefina's youngest daughter is still in high school while her other two children have their own families already.
Josefina would like to increase her income due to the many expenses in their rice farming, hog raising, household, school fees, and allowances of her youngest daughter. According to her, the income generated from her hog raising business is no longer sufficient to cover all their expenses. So, with this in mind, she is asking for additional working capital amounting to P20,000 which will be utilized to buy feeds and vaccines for the hogs. She believes that her efforts, patience, and wise use of the loan amount will give her a good chance to obtain greater profit which will enable her to improve their living condition.
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.