Aga is 54 years old and still single. Aga is a hardworking person who is engaged in a hog-raising business. She has been in this business for almost 10 years and usually earns about 2,500 PHP (Philippines pesos) per piglet. She wants to have more piglets to raise. In this regard, she is requesting a loan in the amount of PHP 50,000 to buy additional hogs to raise, and feed for them. Aga hopes to grow her 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.