Perlita is a responsible housewife, and she has found a way of creating extra income. She runs a business raising pigs to sell. She has done this for almost two years, and earns a profit of 7,000 Philippines Pesos (PHP) per head sold. She uses this income for food, clothing and allowances for her two children.
Perlita would like to expand her business, but needs extra capital to do this. She is asking for a loan of 15,000 PHP to buy pig feed, vaccinations and additional pigs to raise. Perlita plans to continue to to manage her business well, and believes that the loan will help her to improve and grow her 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.