Mary Ann, 47 years old, is married to a farmer and blessed with five children. They are currently residing in the village of La Paz. She manages a livestock business, particularly hog-raising, and she's been in this business for almost 15 years. She would like to avail a loan amounting to PHP 25,000 to purchase hog feed for her hogs. From every hog that she sells, she gets a net income of PHP 7,000. Her income is spent on their daily expenditures and also on allowances for their children. She's hoping that her requested loan will be granted so that she can able to repair the pig pens for 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.