Myrna and her husband are both farmers who live in a rural community. She is 49 years old and has three school-age children. Due to financial difficulties, she is involved in the hog-raising business to earn additional income. She planned to raise more pigs to sale but she did not have enough capital. For this reason, she is asking for a loan of P10,000.00 to buy feed, vitamins and vaccines needed for hog-raising. She is hoping that her loan will be a great help for her to improve the business.
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.