Mary Ann is from the village of Estrella. She lives there with her parents. She is 25 years old, and is a single woman who manages a hog raising business. She has been in this business for two years and earns about PHP 2,500 per piglet. Right now, Mary Ann wants to have more piglets to raise. In this regard, Mary Ann is asking for a loan in the amount of PHP 20,000 to buy additional piglets to raise, and feed for them. Mary Ann hopes to grow her 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.