Grace is a 52 year old business-minded person. She is married to a carpenter and has five children. Three of her children have settled for marriage, one is working, and the youngest is still studying. Grace is raising three hogs to be fattened. She has been involved in this field of business for seven years. Through her patience and determination in life, she is asking for a loan of PHP 9,000 which will be used to buy hog feed, vaccine and essential vitamins for her hogs. Grace is hoping for approval of her requested loan, so she can ensure proper growth of her hogs upon reaching their maturity period. In this way, she could obtain a greater price for them, enabling her to improve her family’s financial stability.
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.