Elena M. is from the village of Cabisera 17-21. She is 59 years old. Elena is married with children. Elena owns and operates a livestock business, primarily rearing pigs for sale. Elena has been engaged in her business for over four years and earns approximately 3,000 PHP whenever she sells an animal.
In 2010, Elena joined ASKI to gain access to financial services to help improve her living situation and her ability to engage in business activities. Elena is requesting a new loan of 17,000 PHP which will be used to purchase baby livestock to raise and sell in the future. This loan will be the first loan taken out by Elena from ASKI. She plans to use the additional revenue generated to improve and expand 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.