Gerlie is 30, married, and has two children. She engages herself in a hog-fattening business. She has been in her business for almost four years and usually earns a profit of 6,000 Philippine pesos (PHP) a month that she uses to obtain her family's basic necessities. She wants to earn more than her usual income, which causes her to request a loan of 25,000 PHP to buy feed, vitamins, and vaccines for the hogs. She believes that through hard work, she will improve the business and hopes that she will earn a higher income.
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.