Ofelia is a hard-working mother who is engaged in the hog-raising business to generate additional income. She is 45 years old, married, and has three children. Two of them are still studying. Ofelia and her husband want them to earn degrees, so that they will be employed someday.
Due to the high cost of school fees, Ofelia aims to improve her hog-raising business to increase her income. To improve the business, she is asking for additional capital of PHP 20,000 to buy feed, vitamins, and vaccines needed in hog-raising.
Through this loan, Ofelia believes that she will be improving the business. She is hoping that, someday, she will become financially stable and her children will have a bright future.
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.