Marina is 23 years old, married and has a child. To acquire income, she raises hogs and re-sells them for a profit. She has been doing this for over a year now and earns about P2,000 for each hog. She wants to buy another hog and its feed so she will make more profit in her small business. She is asking for P9,000 to buy feed and medicines for hogs' sustainability. She promises to pay back her loan in full and keep improving her business to save funds for education and emergency purposes of the family.
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.