Lilia is 50 years old and has seven grown children. She and her husband have agreed to lift up their living conditions and educate their children to give them a better future. Both of them are farmers, and they raised their family in a village. They help one another in managing their farm lot but their income is not sufficient to satisfy their needs due to the high cost of commodities and school fees.
In this regard, Lilia operates a hog-raising business to generate additional income. She plans to strengthen her business and make it a viable source of income. But due to inadequate capital, she is requesting a loan of PHP 25,000 to buy piglets, feed, vitamins and vaccines needed for hog-raising. Despite the problems and difficulties they have encountered in life, Lilia believes that she will make improvements to her business through patience and hard work.
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.