Jennifer is 30 years old, married and gifted with three young children. She and her husband planned to strengthen their sources of income so that they will become financially stable to support their family needs. Being a responsible mother, Jennifer engages in a hog-raising business to supplement her husband's income. She has been in this business for almost 2 years and typically earns profits of 8,000 a month that she usually spends for the food, clothing and allowances of their children.
She aimed to continue and improve her business so that she will earn a higher income. Due to inadequate capital, she is asking for a loan of P12,000 to buy feed, vitamins, vaccines and additional piglets to raise. She believes that through patience and hard work, she will improve her business someday.
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.