Due to insufficient income, Lovely engages in a hog-raising business to supplement her husband's income. She is 25 years old, and they have two infant-age children. They are raising their family in a rural community, planting fruits and vegetables and raising livestock for sale. They aim to earn and save more income to satisfy their necessities and save for the future of their children.
They planned to plant more vegetables and raise more pigs to sell, but they do not have enough capital. Therefore, Lovely is asking for an additional 35,000 Philippines pesos to buy piglets, feeds, vitamins and vaccines needed in hog-raising. She believes that through patience and hard work, they will improve their business and status of living in the future.
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.