Nora is 42 years old and married to Cayetano. The couple is thankful because they have been blessed with three children. One of the children is still studying. To make a living, Nora is engaged in a hog-raising business. She had been in this business for 10 years. She usually earns PHP 7,500 per head.
As she said, her income is not enough to cover their daily household expenses due to the high cost of basic commodities. Thus, Nora wants to borrow a loan of PHP 20,000 to purchase feed, vaccine and additional hogs to raise. She hopes that she can get the amount she requested. She is promising to repay the loan on time.
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.