Shirley has a hog fattening business. Through this occupation, she can help her husband find finances for their everyday necessities. After four months, she is earning 6,000 Philippine pesos (PHP) each hog. But if it is not healthy and meaty, it brings in lower prices.
Therefore, Shirley is asking for a loan of 15,000 PHP to buy additional hogs, feed and vitamins in order to maintain – or rather exceed – her usual proceeds. Providing necessities to the hogs will better nourish them and possibly earn higher income. She just hopes for further improvement in her business.
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.