Erlinda is 43 years old and is married to Silvestre, a father who works as a farmer in their village, while Erlinda is busy managing their hog raising business. She has been in this business for 10 years. She usually receives a net income of PHP 2,500 per piglet. At this time, Erlinda is asking for a loan amounting to PHP 30,000 to buy feed, vaccine and vitamins for the proper growth of her hogs.
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.