Ma. Loreta is from the village of Nagrumbuan. She is 47 years old and is married to Gilbert, a farmer in their village. Ma. Loreta has been engaged in hog-raising business for a long time and she usually earns PHP 7,000 when she sells her raised hogs.
Ma. Loreta wants to buy additional piglets to raise, but she lacks the necessary capital. In this regard, Ma. Loreta is asking for a loan in the amount of PHP 12,000 to buy feed, vaccines and additional piglets to raise. She mentioned that this loan will help her to improve the business and make her dreams come true.
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.