Estrelita, 41 years of age, is married to a farmer and they were blessed with six children. She's been in the hog-raising business for almost three years, and her net income is Php 2,000 when she sells one hog. She wants to access a loan amounting to Php 6,000 to purchase hog feed for her pigs. Her profits usually go to their daily expenditures. She's hoping that her loan will be granted so she can become more profitable.
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.