Faustina manages a large farm of pigs in their village. She started her business with a small piggery house and three pigs. When she developed her expertise in the business, she expanded her business.
Faustina is 58 years of age, married and has 10 children. Her husband is a farmer planting rice in their fields. Through her income from the business, Faustina was able to provide her children's allowances in school and some are already finished with their education. Now Faustina has two children still in school who chose to go to college and are about to graduate.
With plenty of hogs, Faustina has a shortage of hog feed. Faustina is requesting a loan of P50,000 to buy feed for her hogs. She hopes to get a loan again to maintain 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.