Iluminada, 56 years old, is a patient mother with three children who are presently working and have own families. Iluminada manages a hog fattening and breeding business to earn a living. She doesn't want to rely on her children's remittances so she keeps improving her sales. Iluminada is now asking for a loan of PHP 30,000 to buy vaccines, medicines and feed to maintain her hogs. The vaccines and medicines given to her hogs will ensure good nutrition and allow her to offer them at a higher price upon disposal. Iluminada hopes to someday make her business grow very well to achieve income stability and the desired success in her life.
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.