Editha is a 42-year-old farmer who lives in a small village in the northern region with her husband and three children. She breeds pigs and has 15 years of experience in this field. During these years, Editha has acquired the knowledge and skills required for the business. She purchases piglets in the livestock market and raises them. Hog raising takes about 3-4 months. After fattening the animals, she resells them for income.
Meat is in very high demand by the people of the community as they use it in everyday dishes. Her business requires a lot of physical strength, and Editha spends most of her time in the open air. Her husband helps her to feed the animals.
Editha's monthly income is about PHP 3,000 and she wants to increase it. As meat is in high demand, she needs more capital to put into her business to cover the market. For this purpose, she applied for a loan of PHP 8,000. She will use the loan to buy 2 sacks of feed and a bottle of vitamins for her business. She has already demonstrated herself to be a good client with a positive credit history.
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.