Leonora is 46, married and has eight school-aged children. They live happily in their village, planting and harvesting fruit and vegetables for sale. Due to high cost of food and school fees, Leonora engages in a hog-raising business to generate additional income. She has been in this business for almost 10 years and usually earns profits of P8,000 a month that she utilizes for their food and allowances for their children.
She aims to improve her business and increase her income but due to insufficient capital, she is asking for an additional amount of P34,000 to buy feed, vitamins, vaccines and additional piglets to raise. She believes that this loan will enable her to make an improvement in the business.
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.