Erminia is 59 years old and a very productive woman. She operates a hog fattening business to earn income for her family. She is dreaming of a better living someday, so she patiently works hard in her business.
She is borrowing a loan of P15,000 to invest in her business. She will buy two more hogs, feeds and vitamins. She hopes this loan will be approved and she promises to pay on time. She is hoping for financial stability that she will achieve 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.