Norie wishes to improve her family's income and standard of living as well. She is 56 years old and married and has been blessed with five children. Norie’s husband is a farmer who plants rice in their field within their village. They planted a large crop of rice which is how they generate income.
Norie realizes that her husband's income from farming is not enough to sustain their household expenses. She has been looking for an additional source of income that will help her husband meet their financial responsibilities. In order to achieve this, Norie decided to engage herself in the livestock business. Norie needs financial support to continue operating her business. She is requesting a loan of PHP 50,000 to buy feed for the maintenance of her hogs. Norie believes this loan will help her attain her goals.
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.