Josephine, age 48, raises hogs to be fattened and eventually offered for sale. She manages her business while her husband is busy in their rice field. Between the two of them, they are able to support her two children in their studies. With the help and support of her husband, Josephine has become confident in running her business successfully. From the profits she earns from her business, Josephine is able to help provide for the family's daily necessities and strives to improve their standard of living.
Josephine has paid back her previous loan and is now requesting another loan in the amount of PhP 20,000, which she will use to buy hog feed and vitamins for her three hogs. She is hopeful that her requested loan funds will help her meet her life goals. In addition, she is grateful for the continuous access of financial services available to her from Kiva lenders through ASKI so that she can continue to ensure the proper growth of her hogs. As a result, she is able to offer her hogs to buyers at higher prices.
Through the generated income from her business, she intends to build savings toward ensuring a bright future of her children.
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.