Teodora is a hog raiser in her village. She is very proud that the income generated from the business goes for meals for the family and the school expenses of her youngest child. She has four children; three of them are employed and sometimes help the youngest child financially.
Teodora would like to ensure good growth of her hogs to sell them at a higher price and increase her earnings, too. She is asking for a loan of 15,000 Philippines pesos to buy feed, vitamins and medicines for the hogs' sustainability.
Teodora would like to make the business more profitable in order to save funds and invest in another business, like a small store.
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.