Marites Eugenia is a hog raiser in the village where she lives. She is now thirty-six years old, married to Warlito, and they have three children. Marites Eugenia would like to ensure the good growth and nutrition of her hogs. With this in mind, she is asking for a loan of 10,000 PHP to buy feed, vitamins and vaccines for her hog-raising business. This will help her hogs grow healthier and when they achieve the desired weight, she can sell them at a higher price. This will lead to additional income. Marites Eugenia would like to keep expanding her business as a successful hog raiser for the overall welfare of her family. From this, she will be able to save funds to use in times of emergencies.
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.