Despite the hardship of living, Marivic and her husband aimed to improve their status of living to educate their children and give them a bright future. She is 42 years old and has four school-age children. She is engaged in the hog-raising business to supplement her husband's income. Due to the high cost of commodities and school fees, they need to increase their income to cover their necessities and support the education of their children. To increase her income, Marivic planned to raise more pigs to sell but due to insufficient capital, she is asking for an additional of P40,000 to buy feeds, vitamins and additional piglets to raise. She mentioned that this loan will help her to improve the business and hopes that she will make the business grow and become a viable source of income 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.