Anabel is a responsible housewife who is engages in a hog-raising business to supplement her husband's income. She is 32 years old and has three school-age children. Due to financial difficulty, she aims to improve her hog-raising business to earn a sufficient income and satisfy her family's necessities and support the schooling of her children. She has been in this business for almost 6 years and usually earns a profit of 8,000 Philippines pesos (PHP) that she usually spends for the food, clothing, and allowances of her children.
Anabel aims to raise more pigs to sell in the future, but due to insufficient capital, she is asking for an additional 10,000 PHP to buy feeds, vitamins, and additional piglets to raise. She believes that someday, she will improve the business and make it 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.