Julieta is an industrious mother who is engaged in a hog-raising business. She is now 44 years old and has three children. She wants to have higher sales after four months, but financial difficulty hampers her to buy the necessities for her hogs. As a result, she is asking for a loan of PHP 10,000 to buy feed, medicine and vitamins. She hopes that by providing the necessities for her pigs, she will gain higher income.
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.