Erlinda is 58 years old. She manages a hog-raising business to generate income, while her husband manages a rice farming business. She has operated this business for 4 years and usually earns a profit of 8,000 PHP a month, which she usually spends for their basic necessities.
Erlinda wants to buy 2 more hogs to care for, but due financial difficulty, she is asking for additional capital of 15,000 PHP to buy hogs, vitamins and feed. She hopes that this loan will help her to improve the business and elevate their living condition.
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.