Jenny is involved in buying and selling hog-feed in the village of Guayabal. She has been in this business for three years now. She has been earning a net income of PHP 4,500 a week. Right now, Jenny is asking for a loan in the amount of PHP 15,000 to buy hog feed, vitamins and other materials needed in the hog-raising business. She believes that this loan will help her to carry out her plan, and she hopes to be successful.
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.