Mary Jane operates a hog-fattening business as a source of income. With this business, she is able to help her husband in providing for the needs of their family. Since they were blessed with four children, they had to double their effort to support them. From this situation, she needs to increase her income, but she lacks financial support to make her business grow.
Therefore, she is requesting a loan of PHP 12,000 to purchase additional hogs as well as the feed and vitamins to nourish them. The loan will be of great help in achieving high sales. In this way, she will be empowered to save money for her children's education.
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.