Arsenia is a 53-year-old who has been engaged in the hog fattening business for the last 10 years. She is married and has four children. Arsenia breeds hogs and sells them for a profit in their market after three to four months. She earns about 2,000 PHP each disposing season. She wants to exceed her last profit in order to uplift their living situation. As a result, she applied for a loan of 10,000 PHP to purchase feed and three hogs as an additional source of income. Hopefully, she will gain high profit by the next disposing season to continue her business.
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.