Mercedita is a hog farmer living at Solana with her spouse and three children. They make their living farming and raising hogs for sale. They manage their businesses to provide the best education for their children. Mercedita usually gains 3,000 PHP for each hog she sells. Her income helps her to maintain her hogs and provide a daily allowance for her children.
Mercedita is now asking for a loan of 10,000 PHP to invest in her business. She will buy feed, vaccines, and medicines for hog farming. This will help her grow healthier hogs and sell them at a higher profit.
Mercedita would like to keep improving her family's businesses to sustain the education needs of her children so that they can earn degrees and improve their employment options.
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.