Leticia, 44 years old, is married to a government employee and blessed with three children. They are currently residing in the village of La Paz. She manages a livestock business raising hogs. She's been in this business for almost 22 years. With this business, she earns a net income of PHP 3,000 for every hog that she sells. She would like a loan of PHP 25,000 to purchase some hogs to raise and hog feed. She's hoping that her requested loan will be granted so that she can gain more income from her business.
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.