Edna is 47 years old and is married to Fernando, a father who is involved in the farming business. They live in the village of Carabatan Chica with their children. To help her husband, Edna is engaged in a hog-raising business. She has been in this business for almost 7 years and earns about a net income of 2,500 PHP per piglet. At this time, Edna is asking for a loan in the amount of 10,000 PHP to buy hog feed and vaccines for her hogs. She believes that through her loan, she will be able to maintain the proper growth of her hogs.
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.