Petra's business is raising hogs to fatten and breed. She had been doing this for over 10 years now. She is 55 years old and strong enough to still be engaged in a business. Petra is already widowed. She acquires about PHP 4,000 for each hog disposed. She was able to give allowances to her youngest child. She had eight children total, but the rest have settled into marriage. She is now asking for a loan of PHP 8,000 so she will make her business grow profitably. Petra will buy hog feed and vaccines for sustaining the hogs. In the future, Petra hopes to keep growing as a successful entrepreneur and somehow provide sustenance for their living.
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.