Leticia is a hog-raiser in the village of Guayabal. She is 56 years old, and is married to Carlos. Leticia has been engaged in her business for 10 years. She earns about PHP 7,500 per head every time she dispose it. At this moment, Leticia wants to have an additional hog to raise, but she lacks the necessary capital. In this regard, Leticia is requesting a loan in the amount of PHP 12,000 to purchase feed, vaccines, and an additional hog to raise.
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.