Josephine is a hog raiser from Nangalisan. She raises hogs to re-sell and gain profits from it. She was able to acquire 3,000 PHP for each hog disposed. Josephine is now 61 years old, a widower and has six children. She is still strong enough to manage a small business. She would like to ensure good nutrition to her hogs but has insufficient funds, so she is borrowing a loan of 10,000 PHP to buy feed, vaccines and medicines for hog sustainability.
In the future, Josephine hopes to achieve a more profitable business and keep growing as a successful entrepreneur.
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.