Ofelia is 54 years old. She is married and lives in a small village of Bintacan, province of Isabela, with her family: her husband Anthonito and five grown-up children. The family earns a living through agriculture. She also has two hectares of land where she grows corn. The family sells their agricultural product on the local open market. In addition, Ofelia is busy with a small scale poultry business. Total average monthly income of the family is 2,000 Philippine pesos (PHP).
Ofelia requested a loan for purchasing pigs. She wants to raise them in the family farm and then sell them on the local open market after five months. The average monthly income of the family will increase and they will be able to improve their living conditions.
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.