Hog-raising is the primary source of income for Mrs. Merlita. She is 49 years old and is married with two children.
Merlita has been in this business for five years. Right now, she is raising two hogs. According to Merlita, she wants to have an additional hog to raise, but she lacks the necessary capital. In this regard, Merlita is asking for a loan in the amount of PHP 15,000 to buy an additional hog to raise and also to buy feed for them.
Merlita hopes to grow her business and receive a higher income after disposing time.
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.