Melita is 45 years old and is married to Wilfred. To raise her children, Melita is engaged in a hog-raising business. She has been in this business for three years and usually earns about 2,500 PHP (Philippines pesos) per piglet. At this time, she is asking for a loan in the amount of 7,000 PHP to buy feed, vaccine and vitamins for her hog-raising business. She hopes that she can get the amount she requested to further develop 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.