Merlita is 39 years old, married, and blessed with five children. She has managed a hog-raising business for almost seven years. She earns a net income of PHP 3,000 for each hog she sells. Merlita is seeking a loan of PHP 5,000 to purchase hog feed for her pigs. Her profits are usually spent on the education of their children. She's hoping that her loan will be granted so she can expand her pig pens.
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.