Nelly is a responsible housewife who is engaged in a hog-raising business to supplement her husband's income. She is 46 years old and is blessed with four siblings. They are raising their family in a rural community where they are able to plant rice and vegetables and raise livestock for sale.
Due to the high costs of school fees, she aims to improve the business to generate a higher income. However, because of financial difficulties Nelly is asking for an additional capital of 15,000 PHP to buy feed, vitamins, additional piglets to raise and materials needed to improve the pigpen. She believes that this loan will enable her to improve the business and she is hoping that she will become financially stable 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.