Rosita is 54 years of age, married, and has five children. Her priority in life is to give her children a better quality of living. Her only way of doing this is to send her children to school and ensure they are able to attain education at the college level. Rosita shares that she does not have any valuables to give to her children. This is why she is striving to educate them.
Rosita has been running a hog-raising business for 15 years while her husband has been growing rice in their field. At present, the price of hog's feed in the market has increased. She is therefore asking for a loan of 50,000 PHP to buy feed for the maintenance of her hogs. She hopes to operate the business for as long as she can manage, and to continue to financially support her children's needs in school.
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.