Arcelie is 53 years old and is married with two children. To generate income, she has been engaged in a hog-raising business for five years and usually earns about 2,500 PHP (Philippines pesos) with each piglet she sells.
Arcelie wants to lift her children out of poverty; that's why she works hard. At this moment, she needs more capital. In this regard, she is asking for a loan in the amount of PHP 5,000 to buy feed, vaccine and vitamins for the proper growth of 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.