Nora is a 39-year-old businesswoman from the village of Cabisera 17-21, province of Isabela. She is married to Ruben who is also her business partner. They have two children and both of them are studying.
Nora and her husband run a livestock business as their main source of income. Her husband is responsible for purchasing live cows and carabaos (a type of water buffalo) from different villages and for selling in the province of Pangasinan. Nora is in charge of looking for a good animal to purchase. The couple has been in this business since their children were young. She is now requesting a loan of PHP 20,000 to purchase additional livestock. It will help the business to be more profitable because she knows that the more livestock they sell, the greater profits they will generate.
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.