Rosita is 58 years old, married and has three grown children. She lives in a rural community with her family where they farm and raise livestock for sale. Since it is the major source of their income, they have aimed to improve their farming business so that it generates sufficient income for their family. Due to financial difficulties, Rosita has specifically aimed to improve her hog-raising business in order to increase her income. She has been in this business for almost eight years but she has only raised four hogs for fattening. She planned to acquire additional piglets to raise but she does not have enough capital; therefore she is asking for a loan of PHP 45,000 to buy feed, vitamins and additional piglets to raise. Rosita mentioned that this loan will enable her to implement her plans and hopes that it will also enable her to satisfy her family’s needs and support the schooling of her grandchildren. She believes that her patience and sacrifices will bear good fruit someday.
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.