Cristy, 35 years of age and married, was blessed with one child. She has been in the hog-raising business for almost two years. When she sells one hog she earns an amount of Php 4,000. She wanted to avail herself of a loan amounting to Php 8,000 to purchase hogs to raise. Her profits usually go to their daily expenditures and for the hog feed for her pigs.
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.