Nora is 41 years old, married and had three children. Raising hogs to re-sell serves as their livelihood. From the small business they have, she acquires income for their sustenance. Whenever she sells an animal she raises, she usually earns about P3,000 per hog. The money is used for the family's expenses and allowances of her children. She is now borrowing a loan of P10,000 in order to buy medicine and hog feed. It will help maintain good growth of her hogs. Someday, though she has only a small piggery, she hopes to keep increasing her sales for all her children's education.
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.