Magdalena is a resourceful mother who is involved in a hog-raising business to generate additional income to support her family. She is now 50 years old and has five grown children. Two of them are still in college and they want to finish their studies to earn their degrees and become professionals some day. Despite the hardships of life, they have the determination to work out their plan.
To improve her business, Magdalena is requesting additional capital of PHP 25,000 to buy feed, vitamins and additional piglets to raise. She believes that this loan will help her and her family to make improvements in the business and hopes that they will be successful in carrying out their plans.
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.