Rosita is 58 years old, married, and has three adult children. They live harmoniously in a village, planting rice and raising livestock for sale. Despite her financial difficulties, she is determined to improve their poor living conditions.
She and her husband help each other in managing their rice-farming business, to ensure high production. To generate additional income, Rosita engages in a hog-raising business. She planned to raise more pigs for sale, but because she has inadequate capital, she is asking for additional capital of PHP 35,000 to buy feed, vitamins and additional piglets to raise, and the materials needed to improve the pig pen. She believes that she can improve her business as she continues to work hard and strive harder.
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.