Hog-raising is the primary source of income for Yolanda. She is 50 years old and a responsible mother of two children. She raised her children through her hog-raising business. She has been in this business for five years and usually earns about PHP 7,500 per hog she sells.
Yolanda wants to have more hogs to raise, but she lacks the necessary capital. In this regard, she is asking for a loan in the amount of PHP 17,000 to buy additional hogs to raise and feed for them. She hopes to grow 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.