Agostina is 45 years old and has been engaged in a piggery business as a source of income. She patiently does this activity because of her child who is currently studying. She wants to increase her proceeds in order to save for the education expenses, but suffers from insufficiency of capital. In connection with this, she is requesting a loan of 15,000 PHP (Philippines pesos) to purchase feeds and vitamins for her hog. She just hopes that her loan will be beneficial to her business and to her family's living conditions.
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.