Mara is 30 years old and single. Wanting to help her parents financially, she became engaged in a hog raising business for more than five years. Mara wants to maintain her business but has had insufficient capital for her hogs' feed. Mara decided to take out a loan of PHP 30,000 to continue her business and maintain her supply of feed for the hogs. Mara hopes to succeed in her business so that she may attain her desire of having a continuous source of income.
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.