Florenda is 58 years old and a widow. She is gifted with five adult-age children, and lives with one of them in a rural community. She works in hog-raising and vegetable vending to help her children with necessities, like financing her grand-children's education.
She planned to raise more pigs to sell but does not have enough capital. Therefore, she is asking for a loan of PHP 15,000 to buy feed, vitamins and vaccines that are necessary in the hog-raising business. She believes that the loan will help her improve her business, and hopes to be successful someday.
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.