Marites is 41 years old. She operates a piggery that she wants to improve. She is married and has three school-aged children. Her family’s expenses have abruptly increased, so Flordeliza is aiming to make a higher profit. Because of this, Marites is asking a loan of 8,000 PHP to buy feed and vitamins for her pigs. She hopes that through her loan, she will provide enough nourishment to her pigs to sell them at a high price. If this happens, she will be able to cover her family's expenses.
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.