Marites is a responsible housewife who aims to improve her hog-raising business to supplement her husband's income. This is her way of helping her husband in financing the education of their children and satisfying their needs and wants.
She has been operating the business for almost eight years. She usually earns a profit of PHP 12,000 when she disposes of four head of pigs. She usually spent her income for her family's daily consumption and allowances of her children in school.
She aims to raise more pigs for sale, but she has not enough capital. Therefore, she is requesting a loan of PHP 30,000 to buy feed, vitamins, and additional piglets to raise.
Through this financial assistance, she believes she will make the business grow and become viable in the future.
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.