Due to hardship, Elizabeth and her husband hope to earn sufficient income to satisfy their needs. Elizabeth is 47 years old and has four grown-up children. Two of them are still in college level and their parents want them to earn degrees so that they will find a good job someday. Elizabeth and her husband help each other manage their rice farming business to ensure high production. Elizabeth also engages in a hog-raising business to generate additional income to support the education of their children. She planned to raise more pigs for sale but she doesn't have enough capital. Therefore, she is requesting an additional PHP 50,000.00 to buy feeds, vitamins, and additional piglets to raise. Despite the hardships and difficulties she has encountered, she has the determination to improve the business, for she believes that her patience and hard work will bear good fruit someday.
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.