To overcome poverty, Catalina is engaged in a hog-raising business to generate additional income. She is now 52 years old and has two grown-up children. Catalina and her husband live happily in a village, planting and harvesting rice and vegetables to sell. They have been farmers for more than 30 years, earning profits of PHP20,000 in every harvest season. They utilize their income for their daily consumption and allowances for their children in school.
Due to financial difficulties, Catalina aims to improve her hog-raising business to increase her income. She wants to ask for an additional capital of PHP18,000 to buy feeds, vitamins and vaccines needed in hog-raising. Despite problems and difficulties she encounters in life, she has the strong determination to pursue the business. She hopes that, someday, her business will grow and become a viable source of income.
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.