Mercedes is from the village of San Isidro in the province of Isabela. She is 48 years old and married with four adult children. Mercedes had a high school education and has been working in agriculture for the past 20 years. She provides economic support for her family. Mercedes considers herself to be a hardworking, honest person. She hopes to save enough money to renovate the family home. Mercedes would like a loan in order to purchase an additional pig. She expects her income to increase by 20 percent with this investment. Mercedes is pleased with the services of microfinance and says the prices are reasonable. She wants to continuing living in Quirino, surrounded by her relatives and friends.
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.