Evelyn is 42 years old, married and has only one child. They live happily in a rural community where they are able to plant and raise livestock for sale. Due to hardships of living, Evelyn is involved in raising hogs to supplement her husband's income. She has been in the business for almost four years and usually earns a profit of 7,000 PHP a month. She planned to raise more pigs to sell in the local community, but she has inadequate capital. Therefore, she is requesting for an additional 20,000 PHP to buy feed, vitamins and additional piglets to raise. Through patience and sacrifices, Evelyn believes that the business will grow and become a viable and profitable source of income 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.