Karen is 24 years old and married to a construction worker. She and her spouse are happy, because they have been blessed with a healthy child.
Karen is a hog raiser within her local community of Sto. Domingo. Aside from livestock, she is also engaged in fish-vending as an additional source of income.
Karen would like to ensure proper growth of her hogs, but her capital is insufficient, so she is requesting a loan of PHP 20,000 for additional working capital. This will allow her to buy livestock feed, vitamins and vaccine.
She knows that when she has these necessary livestock supplies, she could obtain a better income for her family needs, and savings for a bright future for her only child.
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.