Concepcion is a married woman with three children. She is raising hogs to sell for profit. She usually gains about PHP3,000 for each hog disposed. She is now asking for a loan of PHP7,000 to buy feed, vaccines and medicines to sustain her hogs. This will help improve their growth and nutrition. She hopes to keep gaining income for the education of her children.
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.