Merlita, 53 years old, is married. They were blessed with six children. She's been into raising hogs for almost two years. She wanted a loan of 10,000 Philippine pesos (PHP) to purchase hog feeds for her pigs. When she sells one hog, she earns 5,000 PHP. Aside from hog-raising, she also sells vegetables once a week in their village. Her profits usually go to her children's education.
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.