Mercedes believes that "a hard-working person will have a bright future". She is 49 years old and has four adult-age children. She is now a widow but she has the determination to uplift their status of living. She became involved in hog-raising business to generate additional income. She aims to improve the business to generate sufficient income and satisfy their necessities and save some for future emergencies. She plans to raise more pigs to sell in the community but she has not enough capital. Therefore, she is asking for a loan of P29,000 to buy feed, vitamins and additional pigs to raise. Despite hardships and difficulties in life, she believes that she is going to improve the business.
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.