Francisca has been engaged in a hog-fattening business for over six years. She is 58 years old and a mother of two children. She is working hard to avoid experiencing the hardship of life. Thus, she is requesting a loan amount of 5,000 PHP (Philippines pesos) to buy feed and vitamins for her hogs. She is hoping that she could maximize these funds in order to improve her financial standing.
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.