Nora, 38 years old, is married to a farmer, and they are blessed with two children. They live harmoniously in the village of Bustamante. Most people living in that village are farmers, because their number one source of income is farming. Nora is in the hog-raising business for almost 1 year. For every hog that she sells, she earns a net income of Php 7,000. She is requesting a loan of Php 5,000 to purchase hog feed for her hogs. Her profits are usually spent for their daily expenditures. She is hoping that her loan will be granted and enable her to repair 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.