Teresita is now 53 and is married with five adult children. She lives happily in a rural community where she works planting rice and vegetables and raising livestock for sale. With the help of her husband, Teresita believes that they can improve their living conditions and give their children a better life. Due to high cost of commodities and transportation, Teresita hopes to improve her hog-raising business and increase her income.
Teresita is requesting a 18,000 PHP loan to buy feed, vitamins, and additional piglets to raise. Through patience and hard work, she believes that she can improve her business and become successful in the future.
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.