Arcely is 57 years old and a widow. She is blessed with two adult-aged children. She raises hogs for a living. She plans to raise more pigs to sell but does not have enough capital. For this reason, she is asking for a loan of 8,000 PHP to buy feed, vitamins and vaccines that are necessary in the hog-raising business. She believes that the loan will help her improve her business, and hopes to be successful soon.
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.