Nida is 46 years old, married and has seven children. The family's income comes from rice farming and a hog raising business. Nida usually earns about PHP 5,000 each month, which goes toward the family's meals and allowances of her two children who still attend school. She is now asking for a loan of PHP 6,000 to buy vaccines and medicines to sustain her hogs. Nida hopes to keep ensuring good nutrition of the hogs so she can sell them at a higher cost upon maturity. Her income will be used to pay school fees and to save for future expenses of the family.
Someday, with good profits from the businesses, Nida hopes to achieve financial stability.
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.