Ms. Magdalena is a proud mother. She is 56 years old, married and has five children. She was able to support her children through her income from the hog-raising business. Her spouse also helps her finance their children's schooling. Now they have earned a degree and have good employment.
Ma. Magdalena would like to continue raising hogs and keep saving funds. She is now asking for a loan of P30,000 to buy feed, vaccines and medicine for the piglets. It will help to nourish the hogs so they will grow healthier. She would like to sell them at higher price.
In the future, she hopes to become an even more successful hog grower and achieve greater financial stability.
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.