Leona is 46 years old. Leona has been engaged in raising pigs as the main source of income for her family. Started with a sum of PHP 5,000, the business, through Leona's hard work and perseverance, today consists of two head of pigs and brings in about PHP 3,000 per month. With the goal of further developing her business, Leona is requesting a loan of PHP 20,000 to buy additional piglets to raise. Leona plans to invest the income from the loan to further expand her business by increasing the number of pigs.
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.