Jean is 41 years old, married, and has three school-aged children. To generate income, Jean is engaged in the hog-raising business. She has been in this business for almost three years. She usually earns about PHP 2,500 per piglet. She is applying for a loan of PHP 9,000 to buy feed, vaccine and vitamins so her hogs will grow properly.
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.