Cristina is 19 years old and single. She is committed to help her parents and for the past four years has run a hog-raising business in the village of Carabatan Chica. Cristina had to stop her studies because of a lack of funds. She invested her savings and income into her business and presently is generating an average monthly income of 2,000 PHP per hog. Cristina is grateful that her business is doing well.
Cristina is requesting a 5,000 PHP loan to buy vaccines, feed, and an additional hog. She hopes to raise more hogs.
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.