Rosalinda is a hard-working mother who supported her husband in generating income. She is now 45 years old, and has five children. The two youngest are still studying in tertiary education. To generate income, she engages in a hog-raising business. She has done this work for almost five years, and usually has spent her income for the family's daily living costs, and the fees and expenses of sending her children to school. Due to high school fees, she needs to earn more income to support the children's education.
She plans to improve her hog-raising business but she does not have enough capital. Therefore, she is asking for a loan of 18,000 PHP to buy additional piglets to raise, as well as feed, vitamins and vaccines for pigs. She hopes that this financial assistance will help her to improve the business and that someday she will make the business viable and profitable.
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.